Has been trading in the range of 0.545 to 0.600 since 14 Feb 2013 till now. Immediate resistance clearly at 0.600 for now, also a psychological resistance to take note. 0.545 remains as near term support which was previously a resistance turned support. A break above 0.600 can see it find a new high to 0.64 to 0.70 region. News: “Please note that healthcare service provider IHH Healthcare Berhad (IHH) will be replaced by Thai Beverage (ThaiBev) as a constituent stock of the STI following the conclusion of the half-yearly review. This would be effective from 18 Mar 2013”. Might see fund managers adjusting their portfolio to hold more THBEV to track the STI index. More of a longer term trade to ride the gains on any break above 0.600.
Stop loss 0.585 nevertheless.
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