For the past three months, the main sectors that were driving the upward surge in the broad marketwere the financial and rubber & glove related sectors.  During the first week of 2010, this euphoria has spread to other sectors of the economy such as the consumer retailing sector. Parkson, being a consumer retailing related stock is one of the beneficiaries from this recent broad-based recovery. The current price action of Parkson suggests an upside revival as it manages to trade above its 20, 50 and 100-day moving averages. Positive readings from the MACD trend indicator and RSI oscillator also indicate that upside momentum is building up. Be on the lookout for a possible further rally towards its immediate resistance at RM6.49 and a break above it may open up scope to target the next stronger resistance at RM7.15. Immediate support will be at RM5.60 and a violation below it may negate the bullish tone to see a sell-off towards the next stronger support at RM5.10