Wednesday, December 7, 2011

Technical Analysis Dec 2011: BJCORP (3395)


Observation from Chart:-

BJCORP still trading side way & forming boliner band squeeze.

Will it break through RM1.02 resistant?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K still on BUY call itinerary.

BJCORP performed a lot of shares Buy Back, it might be some good news pending announcement.

As 7 Dec 2011, Cumulative net outstanding treasury shares as at to-date (units):54,900,000

It have posiblity break through RM1.02 resistant.
Do need to watch out strong resistant at MA200.

Let watch closely for entry opportunity.


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