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TECHBND gained 2.8% or 2 sen to close at RM0.735 yesterday.
The consolidation phase is likely to be over as share price has broken out of its downtrend channel and has turned bullish as it broke through series of resistance levels with increase in trading volume over the past few trading sessions. With the share price trading above key moving averages, we believe the rebound has more legs to run.
Should the price be able to break its immediate resistance at RM0.745 (R1), next resistance is expected at RM0.780 (R2) level.
Conversely, support levels are found at RM0.69 (S1) and RM0.66 (S2).
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....