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.