GREEN PACKET BERHAD
Observation from Chart:-
GPACKET (0082) was retrace down from RM0.86 level to RM0.69 level. (-RM0.17 or 19.9%)
On 5 August 2011, it retest current support level, which is RM0.69
Will it rebound or further retrace down?
If break down RM0.69 support, subsequent strong support would be RM0.61 level
Other indicator:-
No reversal candlestick been formed.
MACD retrace down to negative region, downtrend sign.
RSI & Stochastic %K oversold stage, pending trigger buy call.
Let watch closely for technical rebound.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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