Allgreen 29th June 2009
Allgreen has a high probability of breaking out in the coming days.
GMMA is showing some sign of turning up in the short term moving averages.
Volume has been thin in the past 4 up days, keeping a low profile.
Most likely this counter will take cue from property market leader like Capitaland.
A breakout on the up side is likely if rotational play shifts to the property sector, which looks increasingly likely.
Resistance at $1. Conservative traders can wait for this resistance to break and close on high volume before entering.
Filed under: Technical
