Technical Analysis Nov 2011: HUAYANG (5062)

HUA YANG BERHAD

Observation from Chart:-

HUAYANG (5062) keep retest RM1.14 level again.

Will it rebound or break down the support?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. Stochastic %K still on SELL call.

If break down RM1.14 level, MA50 & MA100 is immediate support level.
If rebound, RM1.21 is immediate resistant level.

Let watch closely...