Thursday, December 15, 2011

Technical Analysis Dec 2011: PCHEM (5183)


PETRONAS CHEMICALS GROUP BERHAD

Observation from Chart:-

15 Dec 2011, PCHEM retest RM6.10 resistance level again.

Will it break through or retrace down?

Other indicator:-
1. MACD trade at neutral line.
2. Stochastic %K moving side way. No obvious BUY or SELL call.

If able break through RM6.10 level, subsequent resistance would be RM6.40 level.
If retrace down, RM5.94 is the support level.

Let watch closely.

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