Chart : PDZ daily chart as of 8 August 2014 (source: ChartNexus)
PDZ's momentum still very strong and close 10 cents higher on Friday while local bourse saw huge selling pressure on blue chips that leads to KLCI lost 27.45 or 1.47%. The breakout from the 0.185 horizontal resistance seems very strong with consecutive 2 days of closing high on significant volume.
Then there is the well-known Tan Sri Halim Saad apparently coming into the picture according to Focus article this week. Well, I guess there is no such thing as too much good news.
How high would it goes? who knows! First you have the MARA institution, then the legend and couple with the O&G theme. Well, looks like the perfect recipe for an absolute ride. Anyone?
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