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