Monday, December 12, 2011

Technical Analysis Dec 2011: BSTEAD (2771)


BOUSTEAD HOLDINGS BERHAD

Observation From Chart:

BSTEAD keep consolidate & forming bolinger band squeeze.

Will it break through RM5.59 resistance level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K no clear signal.

Strong resistance around RM5.59 level.
Strong support around RM5.24 level.

From the volume of acquired, high probably will retest Rm5.59 level.

Let watch closely for break out.

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