Tuesday, March 20, 2007

BJTOTO (1562, RM4.72) Something Fishy ?

Interestingly & particularly, this counter has drawn my attention lately due to the active share buyback from the company. See below chart:-

With the active shares buyback the price has inched further and even breakout from the price that I set for at $4.74 today. Hence, the upside possibility is high if nothing suspicious arouse. The next level that the price may head to is $4.90. RSI +, MACD crossed over & price are heading north, thus, at this moment would recommend a trading buy on this counter.

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