Saturday, November 5, 2011

Technical Analysis Nov 2011: BSTEAD (2771)



BOUSTEAD HOLDINGS BERHAD

Observation From Chart:

After huge rebound from RM4.55 low, BSTEAD keep consolidate around RM5.30 level.

Will it retest MA200 resistant?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K been trigger BUY call, pending confirmation.

Strong resistant at MA200 which is around RM5.62 level.
Strong support at MA50 which is around RM5.23 level.

High probably will retest MA200 level soon.
Let watch closely.

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

0 comments:

Post a Comment