Technical Analysis Oct 2011: KULIM (2003)

KULIM (MALAYSIA) BERHAD

Observation From Chart:

KULIM break through MA100 resistant.
31 Oct 2011, it do retest it as support level.

Will it go higher?

Other indicator:-
MACD moving toward positive region.
Stochastic %K reach overbought stage, pending SELL call yet.

Immediate resistant RM3.68 level.

However, if retrace down, it might retest MA50 support level.

Strong support would be RM3.46 or MA200 level.

Let watch closely.

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