A possible medium-term positive sign on the chart of late. Affin has been
trading at above the uptrend since Mar 2009. Its uptrend extended further in Mar
2010, after the stock surpassed a key resistance level of RM2.70. But, after hitting a high of RM3.29 in Apr, it started the consolidation phase. However, for the past
three months, the stock has been trading near a key resistane level of RM3.08. On
the chart, the consolidation seems to be narrowing down to closer to the RM3.08
resistance level. Of late, the chart saw a possible medium-term positive sign when
the 10-day SMA cut above the 40-day SMA near RM3.03.
Affin Holdings Berhad : Supported By The 10-day And 40-day SMAs… - 23/08/2010
No comments:
Post a Comment