Bursa Malaysia Stock Watch
MPHB's secular uptrend may have started
kltrader
Publish date: Thu, 25 Mar 2010, 11:26 PM
kltrader
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MPHB has just broken above its strong horizontal resistance at RM2.00. In July last year, MPHB broke above its long-term downtrend line at RM1.90 & thereafter traded sideway for 8-9 months. The present breakout above RM2.00 could signal the start of a secular uptrend for MPHB. Its next resistance levels are RM2.25, RM2.70 & RM3.00.
Chart: MPHB's monthly chart as at Mar 1, 2010 (Source: Tradesignum)
Based on the above technical breakout, MOHB could be a good trading BUY.
Chart: MPHB's monthly chart as at Mar 1, 2010 (Source: Tradesignum)
Based on the above technical breakout, MOHB could be a good trading BUY.
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