Thursday, December 1, 2011

Technical Analysis Dec 2011: ANNJOO (6556)


ANN JOO RESOURCES BERHAD

Observation from Chart:

As today, 1 Dec 2011 ANNJOO is retest RM1.84 support level.

Will it rebound or break down?

Other indicator:-
1. MACD at negative region, downtrend sign.
2. Reversal candlestick been formed.
3. Stochastic %K trigger BUY call.

High probably it will rebound.
MA50 is immediate resistance level.

Let watch closely...

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