Sunday, June 12, 2011

Technical Analysis June 2011: SUPPORT (7131)



SUPPORTIVE INTERNATIONAL HOLDINGS BERHAD

Observation from Chart:-

SUPPORT have been retrace down from RM2.55 high to RM1.00 (-60.3%)

After consolidate & trade at side way in 5months duration, forming bolinger band squeeze.
On 10 June, it break up the bolinger band squeeze with huge volume.

How far will it rebound? Will it hugging bolinger upper band rebound higher?

RM1.15 is current resistant level.

Around end of June, it will announce the quarterly result.
If above expectation, the rebound might be continue.
If below expectation, it might further retraced down to RM1 support level or lower level.

Let watch closely.


Disclaimer:

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


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