FY09P/E: N/A, P/BV: 1.7x
• Perisai broke past the triangle resistance and its key MAs early this week. However, it appears that this upwards momentum is fading. At this juncture, It is crucial for these candles to sustain above its 50-day SMA of RM0.58. Failing to do so could see the RM0.56 and RM0.545 supports being challenged.
• MACD is poised for a positive crossover while its RSI is also neutral at 54. There is a minor resistance at RM0.65, followed by RM0.68 and RM0.72.
• Investors with lower risk appetite may want to wait for a base-building pattern before accumulating. Buy on dips.
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