POS Malaysia Bhd - Trading Idea

POS Malaysia Bhd share has been on a long spell of decline until it formed a potential bottom sometime in mid Mar this year. It then surged higher to take out the late Feb peak at RM2.44 before reaching a new peak at RM3.10 on significantly high volume. It has corrected since but now it seems to be supported at RM2.60. Will this support hold? If it does we could be looking at a retest of the RM3.10 peak. If it fails then the next support is at RM2.44.

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 any information presented in this blog.