Monday, April 4, 2011

Technical Analysis Apr 2011: THPLANT (5112)



TH PLANTATIONS BERHAD

Observation from Chart:-

On 4 April 2011, THPLANT is retest RM2.16 resistant level.
Will it break up or retrace down?

If able break up RM2.16, next resistant would be RM2.26 level.
However, if retrace down, it might retest RM2.04 & RM1.92 (MA100) support level again.

If retrace down, it is an opportunity to acquire due to Final Gross Dividend of 12.50 sen per ordinary share less tax at 25% (ex-date: 28/04/2011)

Let watch closely...

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

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