Monday, December 09, 2013

Bstead may have a bullish breakout

Bstead gained 12 sen to close at RM5.51 at the end of the morning session. A this level, Bstead has broken above its intermediate downtrend line, RR at RM5.45. If it can stay above this level, Bstead may continue its prior uptrend.

Chart: Bstead's weekly chart as at Dec 6, 2013 (Source: Tradesignum)

Based on technical consideration & reasonable valuation, Bstead could be a potentially trading BUY. 

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,Bstead.

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