Sunday, November 6, 2011

Technical Analysis Nov 2011: KSL (5038)



KSL HOLDINGS BERHAD

Observation from chart:-

4 Nov 2011, KSL already successful break through MA50 resistant level.

How high will it go?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K been trigger BUY call.

Immediate resistant would be RM1.54 level.
Immediate support would be MA50 level.

KSL will annouce their quarterly result on next two week.
If the result above expectation, the bull run will continue.
However, if below exepctation, market will react the other way round.

Let watch closely.

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

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