Pos staged a technical rebound to above RM2.80 in recent trading. The share price of Pos turned bullish after jumping from a support near RM2.04 in late Mar 2010, when the stock created a 5sen gap on the chart. The rally continued and lifted the stock to a high of RM3.36 in Apr, before it was slapped with a steep correction to a low of RM2.55 in May. However, the stock regained its momentum and staged a technical rebound of late, to above the RM2.80 important level. It ended last Friday at RM2.88, with a “star-like” candle, indicating a likely pullback in early this week.
Mandarin Version - Pos Malaysia Berhad : Opportunity To Bargain Buy… - 17/5/2010
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