Salcon: Broke above its downtrend line

Salcon has finally broken above its intermediate downtrend line at RM0.68 last week. It also broke above the psychological resistance at RM0.70. With these double-breakout, Salcon is likely to enter into its next upleg.


Chart: Salcon's weekly chart as at Feb 6, 2015 (Powered by 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, Salcon.