Sunday, May 22, 2011

Technical Analysis May 2011: BIMB (5258)


Observation From Chart:-

BIMB retest RM1.68 resistant again.

If able break up the this level, it will create higher high, uptrend will be continue.

Most analysts will take a position once the price breaks through RM1.68 with increased volume.

However, if retrace down, it might retest MA50, RM1.54 level.
Or future retrace down to MA100, RM1.49 support level.

Let watch closely for entry opportunity.

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

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