Pharma: Bullish Breakout

Pharma has recently broken above its ascending triangle at RM5.00- albeit on relatively thin volume. With this upside breakout, Pharma could rise to its potential target of RM6.50.

Based on bullish technical outlook, Pharma could be a good stock to consider for your investment.


Chart: Pharma's weeklyly chart as at Feb 17, 2015 (Source: Tradesignum)

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, Pharmaniaga.