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.
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
