Current Active Stock Review – Ramunia Hldgs
above: Ramunia chart (click to enlarge)
Chart wise : Hurdle at RM0.40 level …….
Ramunia (7206-MainBoard) had on 31/3/2010 traded higher to a day high of RM0.385 before settled at R0.36.
Price Direction …..
In view of a decrease in market participation, the stock could be expected to trade sideways in coming day(s) with an overhead resistance pegged at RM0.40.
What to watch for ….
A turnaround of prices to close below RM0.29 level would likely see an immediate short term reversing direction in the stock.
source: Mercury Securities
PACZJ6CAPYRY