POS: Testing its downtrend line

Yesterday, POS broke above its 15-month old downtrend line, RR at RM5.00. It closed at RM5.05. Today, POS corrected a bit and as at 12.20pm, it was trading at RM5.01.

If POS can stay above the RM5.00 mark over the next few days, then the stock may continue to go higher. It could potentially be a Trading Buy.


Chart: POS's weekly chart as at Mar 6, 2015_12.10pm (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, POS.