PJBUMI BERHAD

An Uptrend Pattern!

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Continuous price rally up after a rebound from the support line and candlestick body closed above MA20 indicate PJBUMI is in uptrend pattern.

Moreover, after the MA20 line crosses up the MA50 line indicates a high probability of a long trade position.

Precaution since the volume was below the MA20 line there was no buying interest from the trader.

OBV chart indicates a divergence signal.

Let put PJBUMI in WJ and watch out for significant price movement with volume to confirm the price movement.

R 0.400
S 0.335

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