Based on the bullish breakout, PChem could be a trading BUY.
Chart: PChem's weekly chart as at Jan 18, 2012_4.30pm (Source: Quickcharts)
Wednesday, January 18, 2012
PChem may have a bullish breakout
PChem broke above its downtrend line at RM6.35 as well as its horizontal line at RM6.40 yesterday. With this breakout, PChem is likely to rise further. As at 4.30pm, it was trading at RM6.63- a gain of 12 sen over yesterday's close of RM4.51.
Based on the bullish breakout, PChem could be a trading BUY.
Chart: PChem's weekly chart as at Jan 18, 2012_4.30pm (Source: Quickcharts)
Based on the bullish breakout, PChem could be a trading BUY.
Chart: PChem's weekly chart as at Jan 18, 2012_4.30pm (Source: Quickcharts)
Alex,
ReplyDeleteWhat is your opinion on MBSB and YHS on both business perspective and Technical Analysis perspective ? Thanks !