Bursa Malaysia Stock Watch
Suncity may have a bullish breakout
kltrader
Publish date: Mon, 05 Apr 2010, 10:05 PM
kltrader
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Suncity may be commencing on its upleg soon. It has just surpassed its recent high of RM3.50 recorded in August last year. The last time Suncity consolidated sideway for a prolonged period & then broke to the upside was in 2006. From the breakout level of RM1.90 (in November 2006), Suncity rallied to a high of RM5.85 (in October 2007). Can Suncity repeat the same performance with the current breakout? Let's wait & see.
Chart: Suncity's weekly chart as at Apr 5, 2010_11.15am (Source: Quickcharts)
Based on the above technical breakout, Suncity could be a good trading BUY.
Chart: Suncity's weekly chart as at Apr 5, 2010_11.15am (Source: Quickcharts)
Based on the above technical breakout, Suncity could be a good trading BUY.
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