Thursday, October 20, 2011

Technical Analysis Oct 2011: HIRO (9644)



HIROTAKO HOLDINGS BHD

Observation from chart:-

HIRO rebound from RM0.57 low to RM0.835 high. (+RM0.27 or +47.8%)

As today, it retest strong resistant RM0.835 & closed at RM0.81

Will it break through RM0.835?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K been trigger SELL call.

Strong resistant is around RM0.835 level.
Strong support MA100 which is around RM0.74 level.

High probably it will retrace down retest support 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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