Mar 23, 2010

JERNIH Stock Code 6394


above: Jernih Chart (click to enlarge)

Chart wise : Volume surged …….
Jerneh (6394-MainBoard) had on 22/3/2010 traded higher to a day high of RM2.83 before settled at RM2.74.

Price Direction ….. 
In view of  an increase  in market participation, the stock could be expected to trade upward in coming day(s) with an overhead resistance pegged at RM2.90 - RM3.00. 

What to watch for …. 
A turnaround of prices to close below RM2.44 level would likely see an immediate short term reversing direction in the stock.

source : Mercury Securities