MPHBCAP broke above its downtrend line at RM2.12 yesterday. As at 11.55am, MPHBCAP is down slightly- struggling to hold onto the breakout level. If it can stay above RM2.12, MOHBCAP's breakout is valid and it could lead to either a sideway movement or the start of a gradual price recovery. Either way, the stock could be a good buy for medium-term investment at this juncture.
Chart: MPHBCAP's daily chart as at Jan 20, 2015_11.55am (Source: ShareInvestor.com)
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, MPHBCAP.
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