Apr 1, 2010

RAMUNIA STOCK CODE 7206

Current Active Stock Review – Ramunia Hldgs

ramunia-latest-price-chart 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

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