PROTON (RM3.36)Proton Holdings Bhd is now trading at an accelerated uptrend. Strong volume also came into Proton in the last two
days, which suggests a bullish outlook ahead.
Currently it is trading above all of its colored dynamic support
lines and has also breached its recent high of 3.20. If it can successfully take out the Nov 07 low of 3.54, it will likely surge beyond the 4.00 level in the near future.
Proton is now trading at a 64% discount to its NTA of RM9.46 which will provide some fundamental support to its share price.
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