Thursday, January 14, 2010


Because of the mania in the rise recently, I was considering to sell Breadtalk today, then checked my chart:

It looks like a big bullish flag or pennant formation with a descending triangle in which Breadtalk broke upwards. The pole started on 28th Dec 09, which I didn't draw out.

Because of this bullish technical formation, I have decided to watch the price actions before deciding to sell. Imminent breakout in progress. Kim Eng also mentioned their target price as 86 cents last year.

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