Wednesday, June 29, 2011
Technical Analysis June 2011: E&O (3417)
EASTERN & ORIENTAL BERHAD
Observation From Chart:
29 June 2011, E&O is retest RM1.66 resistant.
Will it break through this level? Or retrace down, retest the support?
MACD is bullish crossover.
Stochastics %K NO trigger any sell call.
High potential it will break through the resistant & create higher high.
However, if retrace down, it might retest RM1.50 support which is MA50 support level.
Subsequent support is around RM1.47 level.
Let watch closely for entry opportunity.
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
Posted by Quah at 6:43 AM