Glomac should continue its rebound after violating the 3-month RM0.85 resistance yesterday. Another close above it should confirm the break and a purchase can be made if it happens, with a close below the recent low of RM0.815 as stop-loss. The price target is RM0.95, provided that 10-month high of RM0.90 is violated. Failure to stay above RM0.90 should see the return of sellers and supports lie at RM0.80 and RM0.77.
Stephen Baster
0.86 now. should be able to break in the next half of the day.
2012-06-28 10:15