Monday, March 7, 2011

Technical Analysis Mar 2011: KPJ (5878)


Observation from Chart:-

Since Feb 2011, KPJ keep consolidate around RM3.70 till RM3.84
Now, KPJ is forming bolinger band squeeze.

Current resistant RM3.84 & RM4.00 level.
If able break up RM4.00 level, the uptrend will be continue.

If retrace down, it might retest next support level, RM3.75 which also MA100 support level.
Subsequent support level would be RM3.69 level.

Let watch closely for entry opportunity...

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

1 comment:

  1. if indeed KPJ breached the 4 level.what will be perhpas the next resistant level?