MISC (3816) breaking out of its Long Term Downtrend? RM6.00 the crucial resistant.

MISC

MISC (3816) been trending downwards since Year 2011 when it officially formed a complete long term downtrend.

TODAY it is currently trading a the price of RM6.00 which is the crucial weekly resistant. A breakout will need to maintain above the price of RM6.00 in order to trend higher for higher target price. Failure to do so will lead to a price reversal.

Are you riding the trend of MISC?

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William Au

(Position Stock Trader & Financial Speaker)

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