An important development took place on 25 November 2013 where the price of PERMAJU broke the resistance of 0.335. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
The support and resistance level of PERMAJU are 0.33 and 0.355 respectively. It is observed that the MACD line of PERMAJU is below the centreline indicating some degree of weakness in the price movement.
PERMAJU is trading near its support of 0.33. It is important to monitor the price volume action near this 0.33 level to determine whether this support level will hold.
PERMAJU is trading near its support of 0.33. It is important to monitor the price volume action near this 0.33 level to determine whether this support level will hold.
PERMAJU is trading near its support of 0.33. It is important to monitor the price volume action near this 0.33 level to determine whether this support level will hold.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 558 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12914 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
asriruslan
2,081 posts
Posted by asriruslan > 2013-11-26 08:54 | Report Abuse
An important development took place on 25 November 2013 where the price of PERMAJU broke the resistance of 0.335. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.