Sunday, May 8, 2011

Technical Analysis May 2011: NAIM (5073)







NAIM HOLDINGS BERHAD

Observation from Chart:-

NAIM have been retrace from 52WW high RM3.82 to RM2.61 level. ( -RM1.21 or -31.5%)


Currently, it is oversold stage, will have a technical rebound soon.
RM2.61 is current support level.

If there is reversal candlestick been form, it might be an opportunity to entry.
It might rebound & retest RM2.81 resistant level.


However, if future retrace down, next support would be RM2.30 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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