Technical Analysis June 2011: KPJ (5878)

KPJ HEALTHCARE BERHAD

Observation from Chart:-

After break through RM4.00 physiology level, KPJ start the bull run.
Now, KPJ already overbought stage due to non stop bull run.

Stochastic %K indicator been trigger sell call.

Current resistant is RM4.72 level.
It should retrace down to bolinger middle band or RM4.38 level & rebound.

Let watch closely for entry opportunity...



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