Sunday, July 17, 2011

Technical Analysis July 2011: LANDMRK (1643)


Observation from Chart:-

LANDMRK forming symmetrical triangle sign.

It current resistant should be top line of the triangle.

Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.

If break down the strong support which is bottom line of triangle, it might be high risk.

Subsequent support at RM1.30 level.

Other indicator:-
MACD at negative region, downtrend sign.
Stochastics %K trigger buy call, pending confirmation.

Let watch closely.

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


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