Monday, November 28, 2011

Technical Analysis Nov 2011: KUB (6874)


KUB MALAYSIA BERHAD

Observation from Chart:-

On 25 Nov 2011, KUB formed a doji candlestick.

Will it rebound? Or further consolidate?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K NO trigger buy call yet.

It might trading side way.

If able break through RM0.68 resistance, subsequent resistance would be RM0.74 level.
If retrace down, RM0.61 is immediate support.

Let watch closely.

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