(11 Sept 2010) It looks like Parkson (5657) is heading to new high after witnessing a down trend line break out (refer to chart).
Parkson has been trading side way for a while. There were few failed break up. With the current surge, there is high chance that the price would continue on the upside.
I am gradually buying for now. Any weakness, I would further buy.
My stop loss level is at RM5.35 lower.