Chart wise : A play in sight……………
above: click to enlarge:
MTD Capital had on 14/4/2010 crossed over RM3.50 hurdle to a day high of RM3.60 before settled at RM3.59.
Next Potential Upside Target : With the upside violation of RM3.50 level, MTD Capital would thus be likely to trade upward with next immediate upside target at RM3.70.
Entry Level : Risk taking traders may establish buying position at RM3.55.
Stop Loss Level : Once a buying position is being established, a stop loss level at RM3.45 level must be placed for risk capital protection purpose followed by trailing stop loss strategy.
source: Mercury Securities