Tuesday, August 18, 2009

E&O bullish engulf...


Will it break the RM1.35-1.36 resistance level? I believe there is a very bright chance that this will happen as long as the Chinese and US economies does not create a big concern about comsumer spending and the recovery rate of the world economy....

We're on the right track and speed towards economic recovery in my opinion and what we're going to see in the future is going to be a typical recovery trend... there is really no reason to be alarm just because some analysts post some comments but rather do your own analysis and gauge it yourself... breaking the RM1.56 in the near term is very possbile... stay alert on this one.

No comments: