KPJ- uptrend to continue

KPJ broke above its intermediate downtrend line, RR at RM5.90 yesterday. Today, it broke above the horizontal resistance at RM6.00. With these breakouts, KPJ is poised to continue with its prior uptrend. This is also reflected in the weekly charts for the stock and its warrant.

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



Chart 1: KPJ's daily chart as at March 21, 2013_11.30am (Source: Qucickharts)



Chart 2: KPJ's weekly chart as at March 21, 2013_11.30am (Source: Qucickharts)




Chart 3: KPJ-WA's weekly chart as at March 21, 2013_11.30am (Source: Qucickharts)

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, KPJ.