Friday, September 16, 2011

Technical Analysis Sept 2011: GAB (3255)


GUINNESS ANCHOR BERHAD

Observation from Chart:

GAB keep consolidate & retest MA200 support level.

If able rebound, immediate resistant would be MA50 / MA100, which is around RM10.30 level.

Other indicator:-
MACD have been bullish crossing BUT still at negative region.
Stochastic %K still on buy call position BUT weak buying power.

However, if break down MA200 support, immediate support level is around RM9.85 level.

Let watch closely for rebound opportunity.

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

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