HO WAH GENTING BERHAD
Observation from Chart:
HWGB retrace down from RM0.60 to RM0.40 (-RM0.20 or 33.1%)
3 June 2011, it have been formed reversal candlestick pattern.
MACD been trade at negative region, in near term HWGB is downtrend stock.
However, Stochastic %K at oversold stage, it may trigger a buy call soon.There will be a technical rebound & RM0.515 is current resistant.
If further break down, next support around RM0.31 level.
Let watch closely for entry opportunity.
Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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