Saturday, December 3, 2011

Technical Analysis Dec 2011: DAIMAN (5355)


DAIMAN DEVELOPMENT BHD

Observation from Chart:-

DAIMAN retest RM1.97 resistance level again.

Will it break through RM1.97 level?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. RSI & Stochastic %K already at overbought stage.

If able break through, it might retest RM2.00 resistance.
If retrace down, may look for MA20 support, RM1.92 level.

Do watch out First and Final Dividend 12% less 25% tax, which will be ex-date on 5 Dec 2011.
Let watch closely...

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