Salcon broke above its downtrend line, RR at RM0.42-0.43 in October. Since then its upside has been capped at RM0.45. Today, it broke above that resistance at RM0.45. This could signal the start of its next upleg. Its next resistance is at RM0.50-0.52.
Based on technical consideration, Salcon could be a good trading BUY. However, you may want to wait for a minor pullback before making your entry. Good luck!
Chart: Salcon's daily chart as at Nov 6, 2017_2.35 (Source: Malaysiastock.biz)
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