Bursa Malaysia Stock Watch
MPHB has a bullish breakout
kltrader
Publish date: Wed, 23 Jun 2010, 12:53 PM
kltrader
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MPHB may have commenced on its next upleg with the upside breakout above the 'horizontal' resistance at RM2.06. See the 60-minute chart below.
Chart 1: MPHB's 60-minute chart as at June 23, 2010_11.00am (Source: Quickcharts)
Earlier, MOHB has broken above its short-term downtrend line at RM2.00-2.02 on June 16. Its next horizontal resistance is at RM2.13 & then at RM2.20.
Chart 2: MPHB's daily chart as at June 23, 2010_11.00am (Source: Quickcharts)
Based on the above, MPHB could be a good trading BUY.
Chart 1: MPHB's 60-minute chart as at June 23, 2010_11.00am (Source: Quickcharts)
Earlier, MOHB has broken above its short-term downtrend line at RM2.00-2.02 on June 16. Its next horizontal resistance is at RM2.13 & then at RM2.20.
Chart 2: MPHB's daily chart as at June 23, 2010_11.00am (Source: Quickcharts)
Based on the above, MPHB could be a good trading BUY.
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