SPSetia broke its uptrend line

SPSetia broke its uptrend line at RM3.60 on November 16. This morning, it is breaking below the strong horizontal support of RM3.30. If this support is violated, SPSetia may test the psychological RM3.00 mark or even the strong horizontal support of RM2.90.

Based on technical consideration, SPSetia is now rated a trading SELL.


Chart: SPSetia's weekly chart as at Nov 26, 2012_11am (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, SPSetia.