Feb 8, 2011


Chart wise : Highest since 21/12/2007……………
ASB Stock Code 1481 had on 7/2/2011 crossed over the immediate high of RM0.27
(17/1/2011) to reach highest high of RM0.315 since 21/12/2007 before settled at RM0.31.

Price Direction ….. 
In view of  an increase  in market participation, the stock can be expected to trade  upward  in coming day(s) with an overhead resistance pegged at RM0.34 and support at RM0.255. 

What to watch for …. 
A turnaround of prices to close below RM0.255 level would likely see a change of stock direction in the immediate short term.

below: ASN Daily Chart (click to enlarge):

malaysia-asb from: Mercury Securities

ADVANCE SYNERGY BHD is an investment holding company involved in hotel and resorts, property development and information technology businesses.