http://biz.thestar.com.my/news/story.asp?file=/2010/8/14/business/6855727&sec=business
While this for sure will create excitement for P&O, the technical signal on Friday was less than encouraging as the breakout last Thursday was met with immediate resistance. The close at 1.20 was a bit of a consolation as it just rested exactly the highest close recorded early this month.
If 1.20 support holds, P&O is likely to continue its breakout upside. On the reverse, the stock will need a bit more time to consolidate the strong gain registered since mid-July.
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