Tuesday, July 19, 2011

Technical Analysis July 2011: BSTEAD (2771)



BOUSTEAD HOLDINGS BERHAD

Observation From Chart:

BSTEAD have been retrace down from RM6.43 to RM5.80 (- RM0.63)

On 19 July 2011, BSTEAD formed a doji at MA100 support level.

Will it rebound?
If YES, it will retest RM5.96 resistant level.

Other indicator:-
MACD retrace dwon to negative region, downtrend sign.
Stochastic %K trigger a buy call BUT pending confirmation.

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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