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E&O- uptrend to accelerate
by hlk Mon 20 May 2013, 15:31
E&O has finally broken above the horizontal resistance at RM2.00.
With this breakout, E&O's uptrend is expected to accelerate. Its
next resistance would be at RM2.50. Based on bullish technical outlook,
E&O could be a trading BUY.
[You must be registered and logged in to see this image.]
Chart: E&O's weekly chart as at May 20, 2013_9.45am (Source: quickcharts)
Note:
In
addition to the disclaimer in the preamble to my blog, I hereby confirm
that I do not have any relevant interest in, or any interest in the
acquisition or disposal of, E&O.
Author: Alex Lu
With this breakout, E&O's uptrend is expected to accelerate. Its
next resistance would be at RM2.50. Based on bullish technical outlook,
E&O could be a trading BUY.
[You must be registered and logged in to see this image.]
Chart: E&O's weekly chart as at May 20, 2013_9.45am (Source: quickcharts)
Note:
In
addition to the disclaimer in the preamble to my blog, I hereby confirm
that I do not have any relevant interest in, or any interest in the
acquisition or disposal of, E&O.
Author: Alex Lu
hlk- Moderator
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Join date : 2009-11-14
Location : Malaysia
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