Chart wise : Resistance seen at RM0.54 …….
Equine (stock code 1147) had on 6/8/2010 traded higher to RM0.525 before settled at day low of RM0.50.
Price Direction …..
In view of an increase in market participation, the stock could be expected to trade sideways in coming day(s) with an overhead resistance pegged at RM0.54 and support at RM0.45.
What to watch for ….
A turnaround of prices to close below RM0.45 level would see an immediate short term reversing direction in the stock.
by Mercury Securites
