Dear CW
Pelikan shud be taken when it had 18 LC at the first bar @ rm 1.05/1.08. It's hitting a resistance now at rm1.30 now. Upside is limited now !
Friday, June 5, 2009
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As I sit in front of the market screen, I gazed and wondered what will happen next. Here are my thoughts and ideas for the Bursa Malaysia Stock Market.
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2 comments:
Morning Martin,
Lets say if the price yesterday closed above 1.30, does that mean it still have upside potential?
Thanks,
CW Hong
Unlikely as there is a lot of sellers will push the price down.
If it does close above 1.30 and good relative value, but it has to build a base first - support @ 1.30 before it can push higher. Let the chart show it to you first.
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