MMC- a trading BUY

MMC broke above its medium-term downtrend line resistance at RM2.45 yesterday. MMC's 20 & 50-day SMA line supports are at RM2.40 & RM2.35, respectively. As such, this is a relatively safe trading BUY. 1st target: RM2.60. 2nd target: RM2.80.


Chart: MMC's daily chart as at Feb 22, 2010 (Source: Tradesignum)