Bursa Malaysia Stock Watch
Sunway has a bullish breakout
kltrader
Publish date: Mon, 12 Apr 2010, 10:30 PM
kltrader
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Sunway has broken above its strong horizontal resistance at RM1.55-60. The next resistance is at RM1.80 & thereafter at RM2.00.
Chart 1: Sunway's weekly chart as at April 12, 2010_10.00am (Source: Quickcharts)
For those who like to a speculative play, you can consider Sunway-WC. The main terms are:
At the current price of RM0.63 (share price of RM1.64), Sunway-WC has a premium of 17.7%. That's a bit on the high side. From the chart below, we can see that the warrant is testing its slopping line resistance at RM0.62-63.
Chart 2: Sunway-WC's daily chart as at April 12, 2010_10.20am (Source: Quickcharts)
Based on the bullish breakout, Sunway could be a good trading BUY.
Chart 1: Sunway's weekly chart as at April 12, 2010_10.00am (Source: Quickcharts)
For those who like to a speculative play, you can consider Sunway-WC. The main terms are:
Expiry Date: March 4, 2014
Exercise Price: RM1.30
At the current price of RM0.63 (share price of RM1.64), Sunway-WC has a premium of 17.7%. That's a bit on the high side. From the chart below, we can see that the warrant is testing its slopping line resistance at RM0.62-63.
Chart 2: Sunway-WC's daily chart as at April 12, 2010_10.20am (Source: Quickcharts)
Based on the bullish breakout, Sunway could be a good trading BUY.
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