RAMUNIA HOLDINGS BERHAD
Observation from Chart:-
21 June 2011, Ramunia retest RM0.45 support level.
Is that forming double bottom at RM0.45 level? Will it rebound?
Last round (March 2011) forming double bottom at MA100 support level & rebound.
3 main consideration factor before entry:-
1. Quarterly result been announced today. BUT, revenue, profit & earning per share were drop a lot.
2. NO reversal candlestick been formed at double bottom.
3. MACD trade at negative region & going bearish crossover.
Will it further retrace down forming lower high, lower low?
Next support level, RM0.42, RM0.40
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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