MMCCorp may have a bullish breakout
MMCCorp has finally broken above its strong horizontal resistance at RM2.55 today. With this breakout, MMC may rally to test its next resistance at RM2.80 and thereafter at RM3.10.
Chart 1: MMCCorp's daily chart as at July 23, 2010_11.25am (Source: Quickcharts)
Chart 2: MMCCorp's weekly chart as at July 23, 2010_11.30am (Source: Quickcharts)
Based on the bullish breakout, MMCCorp could be a trading BUY. In view of the uncertainty in the overall market, you need to exercise your discretion on trading activity at the present moment.
Chart 1: MMCCorp's daily chart as at July 23, 2010_11.25am (Source: Quickcharts)
Chart 2: MMCCorp's weekly chart as at July 23, 2010_11.30am (Source: Quickcharts)
Based on the bullish breakout, MMCCorp could be a trading BUY. In view of the uncertainty in the overall market, you need to exercise your discretion on trading activity at the present moment.
Date: 2010-07-23 11:40:00
Source: MMCCorp may have a bullish breakout
URL: http://nexttrade.blogspot.com/2010/07/mmccorp-may-have-bulli...
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