Allianz- uptrend to continue

Allianz has just broken above its recent high at RM6.81 recorded on August 29. Similarly, Allianz-PA has also broken above its high of RM6.73 recorded on the same day. With this upside breakout, Allianz & Allianz-PA are likely to continue with their uptrend.

The previous rating as a HOLD is revised to a trading BUY.


Chart 1: Allianz's daily chart as at Oct 31, 2012_3.00Pm (Source: Quickcharts)


Chart 1: Allianz-PA's daily chart as at Oct 31, 2012_3.00Pm (Source: Quickcharts)

Note: 
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Allianz.