Tuesday, November 30, 2010

Technical Analysis Nov 2010: Zelan (2283)


Zelan Berhad 

Observation from Chart:

Retrace down from RM0.74 till RM0.505 (-RM0.235 or -31.8%)

Historical, Zelan will form a bullish reversal around RM0.50 level but today, 30 Nov 2010 still no reversal candlestick been formed. 

If future break down, next support level will be around RM0.48 & RM0.455.

Let watch closely for entry opportunity.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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