Thursday, September 1, 2011

Technical Analysis Sept 2011: GPACKET (0082)



GREEN PACKET BERHAD

Observation from Chart:-

Seem like GPACKET (0082) is trading side way & forming bolinger band squeeze.

It will retest immediate resistant RM0.75 before go higher. (On May 2011, retest RM0.75 level 2X before break through this level)

However, strong support would be RM0.61 level

Other indicator:-
Reversal candlestick been formed.
MACD still at negative region, downtrend sign.
Stochastic %K trigger buy call BUT pending confirmation.

Let watch closely.

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

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