Sunday, November 13, 2011

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...

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