Wednesday, July 27, 2011

Technical Analysis July 2011: KULIM (2003)



KULIM (MALAYSIA) BERHAD

Observation From Chart:

After consolidate & forming bolinger band squeeze, 27 July 2011, KULIM is break through RM3.70 resistant with huge volume.

Subsequent resistant would be RM3.98 or RM4 physiology level.

Other indicator:-
MACD bullish crossover, moving toward positive region.
Stochastic %K no trigger sell call yet.

However, if retrace down, it might retest MA50 support 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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