KINSTEEL BERHAD
Observation from Chart:-
KINSTEEL is forming decending triangle.
As today, 10 May 2011 reversal candlestick been formed at RM0.79 support level.
MACD histrogram indicator been turn GREEN color.
Stochastic %K do trigger a buy call.
May predict it might retest upper line of triangle (strong resistant).
However, if retrace down, it will retest strong support which is RM0.79 level.
Let watch closely...
Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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