Saturday, November 12, 2011

Technical Analysis Nov 2011: AEONCR (5139)



AEON CREDIT SERVICE (M) BERHAD

Observation from Chart:-

8 Nov 2011, AEONCR successful break through srong resistance RM4.99 level.

Subsequent few days, it keep hugging bolinger upper band go higher.

How high will it go?

Other indicator:-
MACD at positive region, uptrend itinerary.
Stochastic %K still on BUY call, but already reach overbought stage.

Once reversal candlestick been formed, may consider take profit.
If retrace down, RM4.99 is strong support level.

Let watch closely.

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