BJAuto: Broke its long-term uptrend line

BJAuto broke its long-term uptrend line, SS at RM3.90 in early May. Since the stock has had a fine rally from a low of RM1.50 in late 2013 to a high of RM4.10 just last month, any correction could be quite severe.

Based on technical consideration, I am in favor TAKING PROFIT for BJAuto now.


Chart: BJAuto's weekly chart as at Jun 9, 2015_11.30am (Source: Share Investors) 

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, BJAuto.