L&G broke out RM0.50 on Monday, before yesterday’s profit-taking dip. After rallying to a high of RM0.64 in Jan 2010, the share price of L&G halted its uptrend and fell into a steady downtrend. On the second round of selldown, the stock was pressed all the way to a low of RM0.365 in May 2010. However, the stock began to stabilise and formed a base below the RM0.425 resistance level. The stock kicked off a technical
rebound in Jul and broke out from the RM0.50 important level on Monday. But, it encountered mild profit-taking activities on Tuesday, before closing the day at RM0.51.
Mandarin Version : Land & General Berhad : Outlook Still Firm At Above RM0.50 And The 10-day SMA… - 04/08/2010
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