Jerneh has just surpassed its recent high of RM2.20

Jerneh has just surpassed its recent high of RM2.20: "Jerneh has just broken above its recent high of RM2.20 (see 60-min chart, Chart 1). This is also a very strong horizontal resistance (see the monthly chart, Chart 2). The next resistance is at RM2.90-3.00.


Chart 1: Jerneh's 60-min chart as at Jan 8, 2010_4.20pm (Source: Quickcharts)


Chart 2: Jerneh's monthly chart as at Jan 7, 2010 (Source: Tradesignum)

Based on the above, Jerneh could be a trading BUY. This would supersede the previous post which suggest profit-taking for Jerneh (go here).

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