Saturday, June 25, 2011

Technical Analysis June 2011: KULIM (2003)

Saturday, June 25, 2011 – by Admin 3

KULIM (MALAYSIA) BERHAD

Observation From Chart:

After KULIM attempt 2X RM3.70 unable break through. KULIM is retrace to bolinger middle band.

RM3.42 is strong support level, which are also MA50 & MA100 support level.

If able break through RM3.70 level, next resistant would be RM3.97 or RM4 physiology level.

Let watch closely.




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

3 comments:

  1. vincentJune 25, 2011 at 10:08 AM

    Hi Quah,

    Can you please comment on GPACKET?Seem like it has broke through the resistance at 0.85 with increase volume but just don't understand why it drop back below this level.

    Thanks

    ReplyDelete
  2. AdminJune 25, 2011 at 10:37 PM

    Hi Vincent,

    GPACKET already overbought stage, RM0.85 is current resistant level.
    So, logically got ppl take profit at this level.
    However, RM0.79 is current support level.
    As long as, MACD trade above positive region, GPACKET still an uptrend stock.

    Have a nice day.

    ReplyDelete
  3. vincentJune 25, 2011 at 11:22 PM

    Hi Quah,

    Thanks for your reply.You have provide a lot of good information to me. Thanks a lot.

    ReplyDelete

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