BERTAM was in the limelight as it recently declared a single tier interim dividend of 1 sen per share with an ex-date of 12 March 2014 and payable on 28 March 2014. Yesterday, BERTAM rose 3 sen to close at RM0.80 on high trading volume. Chartwise, the stock has broken out of a ‘Falling Wedge’ pattern to signal a resumption of its prior uptrend. The MACD is also hooking upwards, indicating a bullish buying momentum ahead. Based on the chart pattern, BERTAM could potentially commence a rally towards RM0.935 next. Traders who are looking to buy into the stock at this level should place a “stop-loss” at RM0.75.

 

Source: Kenanga