Bursa Malaysia Stock Watch
KSeng surpassed the all-time high!
kltrader
Publish date: Tue, 23 Mar 2010, 10:17 PM
kltrader
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In the morning session, KSeng has broken above its all-time high of RM5.70 which was achieved in early 2007 (see Chart 2 below). This followed yesterday's breakout above its recent high of RM5.56-57 recorded on March 15 (see Chart 1 below). The upside breakout above the all-time high of RM5.70 means that the feared double top reversal anticipated in the earlier post did not materialize. In technical analysis, a break above the all-time high is a very bullish signal and one may consider KSeng as a trading BUY.
Chart 1: KSeng's daily chart as at Mar 23, 2010_12.30noon (Source: Quickcharts)
Chart 2: KSeng's monthly chart as at Mar 1, 2010 (Source: Tradesignum)
Chart 1: KSeng's daily chart as at Mar 23, 2010_12.30noon (Source: Quickcharts)
Chart 2: KSeng's monthly chart as at Mar 1, 2010 (Source: Tradesignum)
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