A positive candle indicates a firm bargain-buying support underway. The share price of KEuro surged on renewed buying activities in May 2010 and saw the stock rise towards the RM0.945 key resistance level in Jun 2010. Although the share price corrected to RM0.645 at one point, it managed to rebound swiftly and surpassed the RM0.945 level in late Jun. But, it wasn’t until mid-Aug 2010 that it launched a strong run-up from the RM0.945 region to a high of RM1.14, before succumbing to profit-taking pressure. The stock registered a positive candle near RM0.945 on Friday to indicate a firm bargain-buying support returning at the current level.
Kumpulan Europlus Berhad : Good Chance For A Technical Rebound… - 30/08/2010
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