Perisai( 0047 ) share price spike up after the announcement of rights,warrants and bonus issue on saturday 310508.
Technically the chart is breaking out of its consolidation since April 08 when it hit resistant at 137. It also surge above its 200 days MA which is at 130. With 130 +- as its immediate support the stock could break above its immediate resistance at 136/7 and test 145,155 and its high of 167 provided its volume follow through and the macro market is bullish.
The macro klse looks weak with downward bias. Technically it have no direction with the unstable political situation now.
I still advice to sell into strength and take profit whenever available.
