Sunday, November 13, 2011

Technical Analysis Nov 2011: BIMB (5258)


BIMB HOLDINGS BERHAD

Observation From Chart:-

On 6 Oct 2011, BIMB succesful break through descending line with huge volume.

Now, it was consolidate within RM1.90 to RM2.07 level.
Other indicator:-
1. MACD trade at negative region, uptrend sign.
2. Stochastic %K not yet trigger buy call.

RM1.90 is MA50 support level.

We do need to watch out RM2.00 psychology level which is current MA100 resistance level.

If able break up this level, RM2.07 is the next resistance.

Let watch closely for entry opportunity.

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