Tuesday 1 November 2016

Teck Guan Perdana, Break Out Or Break Down

We shall soon know. The stock is sitting pretty at RM2.24, it's highest perch in 52 weeks.

The stock has broken both of KN Kenanga's upward resistance band. Kenanga's first resistance was at RM2.10 while the second resistance was set at RM2.21.

Still trading at a single digit PE, Tech Guan, the stock which Bursa Malaysia had slapped with a ZERO sen limit up gain recently is now at a CRITICAL stage.

It's either a break out to RM3 a share or a complete BREAKDOWN.