Sunday, January 23, 2011

Technical Analysis Jan 2011: TIME (4456)



TIME ENGINEERING BERHAD

Observation from Chart:-

On 17 Jan 2011, TIME retest RM0.545 resistant level BUT unable break up & start retrace down.

On 21 Jan 2011, it was retest RM0.47 support level.

Will it rebound or future retrace down?

1. Candlestick no reversal sign been formed yet.

2. MACD formed bearish crossover.

3. Stochastics %K no trigger a buy call.

If future retrace down, may look for RM0.43 support level.

However, if rebound, it might retest RM0.545 resistant level.

Let keep in watch list & 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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