SBC- broke above its strong resistance at RM1.20

SBC has just broken above its strong resistance at RM1.20. Its potential target is RM1.50-1.60. Based on technical breakout, SBC could be a good trading BUY.


Chart: SBC's weekly chart as at April 16, 2013_3.50pm (Source: quickcharts)

Please exercise careful discretion in all your trades given the increased volatility that comes with the present tense political situation as well as recent sharp drop in commodities that might migrate to other asset classes.

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, SBC.