Saturday, September 10, 2011

Technical Analysis Sept 2011: HSL (6238)


Observation from Chart:-

HSL (6238) seem like forming ascending triangle.

Will it break through RM1.52 resistant? Or retrace down?

Other indicator:-
MACD at negative region, downtrend itinerary.
Stochastic %K trigger BUY call.

If able break through RM1.52, subsequent resistant would be RM1.56 & RM1.60 level.

If retrace down, RM1.30 is strong support level.

Let watch closely.


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

1 comment:

  1. Volume is not high though.

    However, HSL fundamentally is strong. a lot of institutions have positive outlook on the construction sector due to government initiatives to expedite the rollout of various public projects to pump prime the local economy and shield it against the increased risk of the global economy slipping into a double-dip recession.