Brem Holdings

BREM Holdings was generally undergoing consolidation for more than a month following a solid rally recently. Based on the daily chart, the upward thrust that started in January remains intact and it will stay that way, as long as the firming 50-day simple moving average (SMA) of 97 sen is intact. The trend ahead is pretty simple foing forward. A successful penetration of the RM1.07 barrier will signal the resumption of a rally, probably enroute to challenge the RM1.35 level, last visited in late July, 2014. On the opposite, if the 97 sen floor is taken out, the lowest 200-day SMA line, resting at the 87 sen level, will be in great danger.