Articles > Newspapers > International Newspapers, Major Markets > The Malay Mail articles > March 2006

Article: (TREND SPOTTING)

Article from:
The Malay Mail
Article date:
March 22, 2006
Author:
Copyright

BORNEO AQUA HARVEST BHD

FOR a stock which has consistently found resistance at the high of 30 sen, it reclaimed its lost glitter when it tried to break this level again.

After a brief touch at this level, momentum improved with a stronger volume after heavy consolidation below the 27 sen mark. The appearance of a tall white candlestick has single handedly pushed price away from the range trading band.

Currently, a challenge to break its peak looks imminent, with price closing near the resistance region at 29 sen. On the daily technical signals, a series of lateral pattern was found on the neutral region on the RSI and CCI.

Resting just below the overbought region these oscillators look poise ...

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