Wednesday, July 11, 2012

BJFood to continue its uptrend

BJFood has broken above its recent high of RM1.44. In fact, the stock consolidated in an ascending triangle and the breakout at RM1.44 would represent the continuation of its prior uptrend. I had posted on this stock earlier (here).

Based on this, BJFood could be a good trading BUY.


Chart: BJFood's daily cahrt as at July 11, 2012_11.00am (Source: Quickcharts)

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3 comments:

  1. BeeThursday, July 12, 2012 10:49:00 AM

    Alex,

    Can you comment on BJFood's rights issue and warrants?

    Thanks.

    ReplyDelete
  2. Mat CendanaThursday, July 12, 2012 8:48:00 PM

    Based on your analysis, BJFood does look attractive enough to hold. I got spooked earlier in the day when, for some reason, it went down to as low as 0.935. Forced selling, perhaps? Should have gone in and buy at that level but I froze. Now it's at 0.97. Will see how it goes tomorrow.

    ReplyDelete
  3. Mat CendanaMonday, July 16, 2012 10:31:00 AM

    You are right yet again, Alex - BJFood and Censof, among others, have become profitable trades. By the way, are you at Kenanga Mutiara Damansara (The Curve)?

    ReplyDelete