Thursday, December 15, 2011

Technical Analysis Dec 2011: QL (7084)


QL RESOURCES BERHAD

Observation from Chart:-

15 Dec 2011, QL retest RM3.00 psychology level again.

Will it break through the resistance?

Other indicator:-
MACD at positive region, it is on uptrend sign.
Stochastic %K been trigger BUY call.

Most probably is break through RM3.00 psychology level.
RM3.06 & RM3.15 is subsequent resistance level.
If retrace down, MA20 is immediate support.

Let watch closely...

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