Mahsing collected a “three white soldiers” candle on the chart earlier.
Mahsing has been trading above the supportive long-term uptrend line (UTL) since 2008. The stock tested a tough resistance level at RM1.64 in Aug 2009, but failed to remove the level convincingly until in Apr 2010, when it managed to test out another resistance at RM1.80. Following a swift correction to below the UTL, the stock regained its upward momentum and eventually rallied across the RM1.80 in recent trading. The stock closed with a mild negative candle on Friday at RM1.84, after collecting a “three white soldiers” candle earlier.
Mandarin Version : Mah Sing Group Berhad : Overall Chart Outlook Has Turned Bullish… - 02/08/2010
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