Apr 22, 2010

ANALABS - Stock code 7083

Chart wise : Highest high since 3/10/2002………

Analabs had on 21/4/2010 traced out of a triangle pattern to reach highest high of RM1.78 since 3/10/2002 before settled at RM1.76. 

analabs-latest-chart above: click to enlarge

Next Potential Upside Target : With the upside violation of triangle pattern, Analabs would thus be likely to trade upward with next upside target at  RM1.85 – RM1.90. 

Entry Level  : Risk taking traders may establish buying position at RM1.73.

Stop Loss Level : Once a buying position is being established, a stop loss level at  RM1.66 level  must be placed for risk capital protection purpose followed by trailing stop loss strategy.
source: Mercury Securities