Bursa Malaysia Stock Watch

Hock Seng Lee - Chances For More Run-ups Ahead Are High? 09/08/2010

kltrader
Publish date: Mon, 09 Aug 2010, 10:06 AM
kltrader
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HSL broke out from a major resistance of RM1.54 lately. Despite HSL?s share price hit a high of RM1.59 in end-Mar 2010, the failure to defend the RM1.54 important technical level sparked off profit-taking pressure. But, the stock was wellsupported by the UTL throughout the months. It engineered a positive technical breakthrough to above RM1.54 last Thursday and settled at RM1.59 with a ?starlike? candle on last Friday. This indicates a potential pullback to retest RM1.54 support this week if buying fails to accelerate.
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