PPB in uncharted territory

PPB Weekly Chart on 29 Jul 09


PPB Daily Chart on 29 Jul 09

PPB has been in uncharted territory since it broke past its RM12.20 resistance line.

What should you do now? The previous day candle was a Doji with an upper tail and its low was breached today. Although PPB closed higher, this suggested that PPB upmove could be halting. With this indication you may want to consider taking partial profit if you have position in PPB. However, if you want to take position in PPB, it would advisable to wait for a pullback.

Disclaimer:
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and information presented in this blog.