Kheesan: Uptrend continuing

Yesterday, Kheesan broke above its intermediate downtrend line, RR at RM0.77. This morning, it surpassed the April high of RM0.815. With these double breakout, Kheesan is continuing on its prior uptrend. See Chart 1.


Chart 1: Kheesan's daily chart as at July 16, 2015_9.25am (Source: ShareInvestor.com)

 Kheesan broke above its long-term downtrend line, RR at RM0.56 in April. Its immedaite resistance is at RM1.00 and beyond that, RM1.60. See Chart 2.

 
Chart 2: Kheesan's monthly chart as at July 16, 2015_9.25am (Source: ShareInvestor.com)

Based on technical consideration, Kheesan is a good trading BUY. For more on Kheesan, you can check out my earlier post (here).

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, Kheesan.