Pilecon (Bursa Malaysia: 4073)

A very successful construction stock during the prime days too have a share of its very bad years.

After consolidation for years the stocks finally came alive in 2007 with volume showing heavy accumulation.

RM0.42 level have been a tough resistant for the stock. A breakout above this level with strong volume will scale it to a higher level gradually.

Resistance along the way are peg at 0.52, 0.63, 0.76 then 0.98 to 1.00.

Expect profit taking to fluctuate on its way up. Pilecome is a stock to watch.

BUY ON DIP or Accumulate on weakness.