Friday, December 2, 2011

Technical Analysis Dec 2011: ZHULIAN (5131)



ZHULIAN CORPORATION BERHAD

Observation from Chart:

ZHULIAN keep retest RM1.72 resistance level.

Will it break through this strong resistance?

Other indicator:-
1. MACD at positive region, uptrend sign.
2. NO reversal candlestick been formed.
3. Stochastic %K still on BUY call.

High probably it will break through RM1.72 level.
Subsequent resistance would be RM1.74 level.

ZHULIAN dividend payout historical:-



Around end of Jan, ZHULIAN will announce quarter result & declare dividend.
It was giving out quite promising dividend on each quarter since 2009.

Let watch closely...

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