Sunday, October 30, 2011

Technical Analysis Oct 2011: TEBRAU (1589)


Observation from Chart:-

28 Oct 2011, TEBRAU retest MA200 resistant but unable break through.

Will it retrace down?

Other indicator:-
MACD trade at positive region, uptrend sign.
MACD bullish crossing been formed.
Stochastics %K been trigger BUY call.

TEBRAU will announce their quarter result around Mid of Nov 2011.
If the result above expectation, the bull run will continue.
Else, it might take a break for consolidation or further retrace down.

If retrace down, RM0.68 is current strong support level, which is MA100 & bolinger middle band.
Subsequent support would be MA50 which is around RM0.64 level.

Let watch closely.

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


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