Steel producers rallying...

Steel producers, led by AnnJoo, rallied today. AnnJoo trades at RM3.15 as at 3.54pm-a gain of 15 sen. See Chart 1.


Chart 1: AnnJoo's daily chart as at Jan 13, 2010_3.45pm (Source: Quickcharts)

Some other steel producers which have just broken above their respective downtrend lines are Kinstel, Perwaja & LionCor. See the charts below.


Chart 2: Kinstel's daily chart as at Jan 13, 2010_3.45pm (Source: Quickcharts)


Chart 3: Perwaja's daily chart as at Jan 13, 2010_3.45pm (Source: Quickcharts)


Chart 4: Lioncor's daily chart as at Jan 13, 2010_3.45pm (Source: Quickcharts)