Sunday, December 26, 2010

Technical Analysis Dec 2010: WEIDA (7111)



WEIDA (M) BHD

Observation from Chart:-

As 24 Dec 2010, WEIDA retest RM0.89 resistant.

Is it a bolinger band break up???

If YES, it should retest RM0.92 resistant soon.

However, if retrace down, RM0.87 should be the support level which is MA20.

Next subsequent support, MA50 RM0.86 level.

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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