Wednesday, October 19, 2011

Technical Analysis Oct 2011: BSTEAD (2771)



BOUSTEAD HOLDINGS BERHAD


Observation From Chart:

BSTEAD rebound from RM4.55 low.

As today, it closed at RM5.46 (+RM0.91)

How high will it go further?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K overbought stage.

Strong resistant at MA100 which is around RM5.59 level.
Strong support at MA50 which is around RM5.22 level.

High probably will consolidate within MA50 & MA100 before go higher.
Let watch closely.

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

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