The high yield (dividend >5%) counter rebounded from recent downfall. On last two trading days, company actually bought back shares from open market. However, buying interest already gaining moment on early June as highlighted in chart below. Average 4M shares was transacted from 1st to 4th Jun while price were riding high. Immediate resistance is 0.55. Shall this be broken, next resistance shall be 0.63. Support shall be at 0.49.
No comments:
Post a Comment