Tuesday, December 20, 2011

Technical Analysis Dec 2011: KPJ (5878)



KPJ HEALTHCARE BERHAD

Observation from Chart:-

KPJ unable break through RM4.66 resistance level & retrace down.

What's the immediate support?

Other indicator:
No reversal candlestick been formed.
MACD trade at positive region, uptrend sign.
Stochastic %K at SELL call.

High probably will retest MA20 support level, which is around RM4.34
Subsequent support RM4.28 level.

Let watch closely...

1 comment:

  1. immediate support can be 4.36 (use weekly chart)

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