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“Auld Lang Syne” to 2009 and welcome 2010.
 
Malaysia

Sapcres
 

The uptrend for Sapcres is still intact and its 20, 50 & 100-day moving averages further reinforce the uptrend as they continue to trend upwards. Another interesting observation to note will be the MACD trend indicator as it is attempting to do a bullish crossover above its signal line. Positive signal is also being generated from the RSI oscillator as it has started to inch up above the 50% level. Thus with such positive configurations, Sapcres appears to be set to target higher highs. A break above its immediate resistance at RM2.33 may see a push towards the next stronger resistance at RM2.60. However a break below its immediate support at RM2.20 may negate the bullish tone to see a slide towards the next support at RM2.09. Failure to hold at this level may see a deeper correction to test the key support at RM1.97. 

 
 
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