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.




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

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