Bursa Malaysia Stock Watch
Proton may be a good trading BUY
kltrader
Publish date: Mon, 29 Mar 2010, 10:20 PM
kltrader
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Proton has just surpassed the horizontal resistance & its recent high of RM4.60-62 (see Chart 1). This is also the medium-term downtrend line (see Chart 2). With this breakout, Proton may test its next resistance at RM5.00 & thereafter at RM6.00.
Chart 1: Proton's daily chart as at Mar 29, 2010_12.30pm (Source: Quickcharts)
Chart 2: Proton's weekly chart as at Mar 29, 2010_12.30pm (Source: Quickcharts)
Based on the technical reading, I believe Proton could be a good trading BUY.
Chart 1: Proton's daily chart as at Mar 29, 2010_12.30pm (Source: Quickcharts)
Chart 2: Proton's weekly chart as at Mar 29, 2010_12.30pm (Source: Quickcharts)
Based on the technical reading, I believe Proton could be a good trading BUY.
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