Bursa Malaysia Stock Watch

RHBCap surpassed its 2007 high

kltrader
Publish date: Tue, 27 Jul 2010, 09:41 AM
kltrader
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RHBCap has just broken its 2007 high of RM6.29-30 yesterday (see Chart 1). Its next resistance would be the horizontal lines at RM6.70 & RM7.00 (see Chart 2).


Chart 1: RHBCap's weekly chart as at July 26, 2010 (Source: Quickcharts)


Chart 2: RHBCap's monthly chart as at July 1, 2010 (Source: Tradesignum)

Based on the technical breakout, RHBcap could be a trading BUY.
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