TAN CHONG MOTOR HOLDINGS BERHAD
Observation from Chart:-
16 Dec 2011, TCHONG break down RM4.13 support level.
How low will it go?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K at oversold stage & trigger BUY call.
Immediate resistance would be RM4.13 level.
Subsequent resistance, MA20 level.
If retrace down, it might retest RM4.00 psychology level.
Let watch closely.
Observation from Chart:-
16 Dec 2011, TCHONG break down RM4.13 support level.
How low will it go?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K at oversold stage & trigger BUY call.
Immediate resistance would be RM4.13 level.
Subsequent resistance, MA20 level.
If retrace down, it might retest RM4.00 psychology level.
Let watch closely.
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