KLK broke above its intermediate downtrend line at RM22 in mid-September. It may soon revisit its January 2012 of RM25.00.
Chart 1: KLK's weekly hahrt as at Nov 19, 2013_11.00am (Source: Quickcharts)
IOICorp broke above its horizontal line at RM5.60. Its next resistance levels are the horizontal line at RM6.00, RM6.50& RM7.20. Since horizontal line RM5.60 is a very strong resistance, this breakout may surprise on the upside- possibly revisit the 2008 high of RM7.25.
Chart 2: IOICorp's weekly hahrt as at Nov 19, 2013_11.00am (Source: Quickcharts)
PPB has yet to break above its intermediate downtrend line at RM15.00. An upside breakout of that downtrend line could be the start of a sustained rally to retest November 2010 high of RM18.70.
Chart 3: PPB's weekly hahrt as at Nov 19, 2013_11.00am (Source: Quickcharts)
Based on the above, I believe KLK could be due for some profit-taking; IOICorp could be a trading BUY (especially on pullback towards RM5.60); and PPB is worth close-tracking for breakout play.
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, KLK, IOICorp & PPB.
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