Thursday, November 3, 2011

Technical Analysis Nov 2011: E&O (3417)




EASTERN & ORIENTAL BERHAD

Observation From Chart:

E&O is retest MA200 support level.

Will it rebound? Or break through this support?

Other indicator:-
1. MACD bearish touching, pending crossover.
2. MACD trade at negative region, downtrend sign.
3. Stochastic %K still on SELL call.

If break down MA200 support, next support would be RM1.34 level.

However, if rebound, RM1.50 is current resistant 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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