Maxis broke out of its range on the release of its latest quarterly, and the lack of any run up to the release means that the sharks are not playing this large cap. However, what I like about this setup is that it pulled back today on weak volume. That usually means some profit taking but that the majority have decided not to sell on the news, which suggests that the stock should be well supported. The only thing I am quite wary about is the oversold condition on the KLCI. Aggressive traders should take this stock, and I will scale in a small amount myself.
