Bursa Malaysia Stock Watch
Muhibah may have a bullish breakout
kltrader
Publish date: Wed, 07 Apr 2010, 10:17 PM
kltrader
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Muhibah had been dropping since it touched a high of RM1.67 on June 12, 2009. It has now broken above the downtrend line at RM1.05. It has also broken above the horizontal line resistance at RM1.07-8. Its next resistance is at RM1.20 & thereafter at RM1.25 & RM1.35-40.
Chart: Muhibah's daily chart as at Apr 7, 2010_3.05pm(Source: Quickcharts)
Based on the bullish breakout, Muhibah could be a trading BUY.
Chart: Muhibah's daily chart as at Apr 7, 2010_3.05pm(Source: Quickcharts)
Based on the bullish breakout, Muhibah could be a trading BUY.
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