Thursday, March 10, 2011

Technical Analysis Mar 2011: KIMLUN (5171)


KIMLUN CORPORATION BERHAD

Observation from Chart:-

KIMLUN been retrace down from RM1.80 high to RM1.50 (loss RM0.30 or -16.70%)
On 4 March, it formed reversal candlestick at RM1.60 support level.

Next resistant RM1.80
If able break up this level, it will retest RM2.00

However, if retrace down, it might retest RM1.51 & RM1.39 support level again.

Let watch closely...

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

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