Bursa Malaysia Stock Watch
Notion- testing its acelerated uptrend line
kltrader
Publish date: Tue, 27 Apr 2010, 11:20 PM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Notion is testing its accelerated uptrend line (S1-S1) again. This is the second time the stock tested this uptrend line. The earlier test was on last Friday, April 23. At the close today, Notion lost 9 sen to end at RM3.26. A quick rebound is crucial over the next few days. Failure to stay above this uptrend line support of RM3.30 could send the stock to its horizontal support at RM3.00 & thereafter RM2.75-77.
Chart: Notion's daily chart as at Apr 26, 2010 (Source: Tradesignum)
Chart: Notion's daily chart as at Apr 26, 2010 (Source: Tradesignum)
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