Thursday, June 9, 2011

Technical Analysis June 2011: GPACKET (0082)



GREEN PACKET BERHAD

Observation from Chart:-

GPACKET (0082) is forming Ascending Triangle Pattern.

It current resistant is around RM0.755 level.
It strong support level should be bottom line of the triangle

Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.

However, if break down the bottom line of the triangle, it might be high risk.
May consider cut loss & protect capital.

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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