Friday, October 14, 2011

Technical Analysis Oct 2011: E&O (3417)



EASTERN & ORIENTAL BERHAD

Observation From Chart:

E&O is rebound from RM1.35 level.

How high will it rebound?

Other indicator:-
1. MACD bullish crossover.
2. Stochastic %K still on BUY call.

RM1.49 might be immediate resistant level which is MA50 level.

If able break through RM1.49, next resistant would be RM1.63 level.

However, if retrace down, RM1.35 is current support level.

Let watch closely.

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

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