Bursa Malaysia Stock Watch
Kianjoo may have a bullish breakout
kltrader
Publish date: Mon, 19 Jul 2010, 07:30 PM
kltrader
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Kianjoo has just broken above its strong horizontal resistance at RM1.33. Last Friday, it broke above its symmetrical triangle at RM1.23. With these twin upside breakout, Kianjoo could finally start on a uptrend. Its immediate resistance would be at RM1.50 & then RM1.60.
Chart: UEMLand's weekly chart as at July 19, 2010_10.10am (Source: Quickchart)
Based on the bullish breakout, Kianjoo could be a good trading BUY or a medium-term investment. In view of the uncertainty in the overall market, you need to exercise your discretion on trading activity at the present moment.
Chart: UEMLand's weekly chart as at July 19, 2010_10.10am (Source: Quickchart)
Based on the bullish breakout, Kianjoo could be a good trading BUY or a medium-term investment. In view of the uncertainty in the overall market, you need to exercise your discretion on trading activity at the present moment.
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