°Sime began its technical rebound in Mar 2009, until it hit a tough resistance level near RM9.00 in Nov 2009. As the stock failed to penetrate the RM9.00 hurdle, it started to drift lower beginning Jan 2010. But near to the support region around RM7.50 – RM8.00, the stock built a base and gathered its upward momentum in Aug. It penetrated the RM8.00 level in late Aug, and slowly climbed higher in recent weeks. Yesterday, it hit a five-month high of RM8.71, before ending the day at RM8.70 with a bullish candle on the chart.
Mandarin Version -Sime Darby Berhad : Will Likely Head Towards RM10.00–10.80 Resistance Zone…-12/10/2010
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