GAB & Carlsbg broke above their horizontal resistance

GAB & Carlsbg both broke above their recent high. With this breakout, these stocks are expected to continue their prior uptrend. GAB & Carlsbg's target could be RM20.00 & RM16.00, respectively.

Based on this technical consideration, GAB & Carlsbg could be trading BUYs.

 
Chart 1: Carlsbg's weekly chart as at Mar 11, 2013_4pm (Source: Quickcharts)


Chart 2: GAB's weekly chart as at Mar 11, 2013_4pm (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, GAB & Carlsbg.