Bstead staged a surprise rally to end at RM4.01 near the RM4.00 hurdle yesterday. Bstead’s share price launched a powerful rally from the RM3.50 stronghold in early Jun 2010, and retested the RM4.00 resistance hurdle by late Jun. Thereafter, consolidation stepped in, forcing the stock back to the RM3.76 low in July. But after forming a great support base near the 40-day SMA in recent weeks, the stock regained its momentum and staged a surprise rally yesterday, ending at RM4.01 with a huge bullish candle, near the RM4.00 level.
Boustead Holdings Berhad : A Breakout Rally Is On The Cards … - 06/08/2010
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