Sunday, April 24, 2011

Technical Analysis Apr 2011: SPSETIA (8664)



S P SETIA BERHAD

Observation from Chart:-

SPSETIA retrace down from RM4.53 high to RM4.23
NO reversal candlestick been formed.

However, Stochastic %K NO trigger any buy call.
Added, MACD bearish crossoover been formed.

If future retrace down, it might retest RM4.00 which is MA50 support level or RM3.81 which is MA100 support level.

Let watch closely for entry opportunity.


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

0 comments:

Post a Comment