Thursday, October 13, 2011

Technical Analysis Oct 2011: HUAYANG (5062)


Observation from Chart:-

HUAYANG (5062) is moving toward retest RM1.53 level again.

Will it break through this resistant? Or retrace down?

If break through RM1.53, next resistant would be RM1.60

Other indicator:-
1. MACD moving toward positive region.
2. Stochastic %K still on BUY call.

Do declared, Bonus issue of 36,000,000 new ordinary shares of RM1.00 each in Hua Yang Berhad (“HuaYang”) (“HuaYang Share(s)”) (“Bonus Share(s)”) on the basis of one (1) Bonus Share for every three (3) existing HuaYang Shares held on 28 October 2011

Most probably it will retest RM1.53 resistant & it do posible retest RM1.60 level.

Let watch closely...

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


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