Chart wise : In position to move towards RM0.30……………
MTouche (Stock Code 0092) had on 17/5/2010 crossed over RM0.26 hurdle to a higher day high of RM0.275 before settled at RM0.265.
Next Potential Upside Target : With the upside violation of RM0.26 level, MTouche would thus be likely to trade upward with an immediate upside target at RM0.30.
Entry Level : Risk taking traders may establish buying position at RM0.25 as a small pull back is seen likely before resuming its upward move.
Stop Loss Level : Once a buying position is being established, a stop loss level at RM0.23 level
must be placed for risk capital protection purpose followed by trailing stop loss strategy.
above: MTouche chart (click to enlarge)
by Mercury Securities
The principal activities of the Company are investment holding, research and development of existing and new technologies in the field of information technology and telecommunications, and distribution and sale, installation and service of telecommunications and multimedia systems, and related activities. The principal activities of the subsidiaries are provision of mobile messaging technology services.
