Tuesday, October 20, 2009

Suncity- uptrend to continue

Suncity- uptrend to continue: "Suncity will continue with its medium-term uptrend since breaking above its short-term downtrend line resistance at RM3.26 last week (see Chart 1 below). Its overhead resistance will come from its recent high of RM3.50 as well as the horizontal resistance of RM4.00 (see Chart 2 below).


Chart 1: Suncity's daily chart as at Oct 19, 2009_12.30noon(source: Quickcharts)


Chart 2: Suncity's weekly chart as at Oct 19, 2009_12.30noon(source: Quickcharts)

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