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Author Topic: London Biscuits Bhd (7126) 伦敦食品制造厂  (Read 271 times)

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HC

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London Biscuits Bhd (7126) 伦敦食品制造厂
« on: September 06, 2009, 03:44:49 PM »
London Biscuits Bhd (7126)(2009-09-04 Closing Price RM 1.02)

Just looking the the chart I think this stock must be thinly traded, and volume is very irregular.  Indicator in this case is practically useless, the only positive point noted from this chart is the down trend has already been broken.  I am not sure if current rally is just a bounce or a reversal, but anyway there will be heavy resistance expected at 1.20, being the 61.8% fibo level and previous heavy volume area.
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HC

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Re: London Biscuits Bhd (7126) 伦敦食品制造厂
« Reply #1 on: February 07, 2010, 10:26:52 AM »
London Biscuits Bhd (7126)(2010-02-05 Closing Price RM 1.16)

Price hit 61.8% fibo retracement and started to hesitate.  Got to be careful from now no as there is a bearish divergence in weekly chart (not shown).
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