Saturday, November 19, 2011

Technical Analysis Nov 2011: KPJ (5878)


KPJ HEALTHCARE BERHAD

Observation from Chart:-

18 Nov 2011, KPJ break through RM4.23 resistance level.

What's next?

Other indicator:
No reversal candlestick been formed.
MACD moving toward positive region.
Stochastic %K indicator still on buy call yet.

High probably will retest MA100 resistance level, which is around RM4.32

If able break through MA100 resistance, subsequent resistance would be RM4.43 level.
However, if retrace down, it might retest MA50 support level.

Let watch closely...

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