Friday, November 13, 2009

Adventa- a trading BUY

Adventa- a trading BUY: "Adventa, a rubber glove manufacturer, has broken above a cup-with-handle formation yesterday when its share price exceeded its recent reaction high at RM2.22. Earlier this morning, the stock shot up to a high of RM2.35. For more on the cup-with-handle formation, go here.


Chart: Adventa's daily chart as at Nov 13, 2009_9.30am (Source: Quickcharts)

Based on this technical breakout, Adventa is a now a trading BUY.

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