Sunday, December 11, 2011

Will SUNWAY break up bolinger band squeeze?


SUNWAY BERHAD

Observation from chart:-

SUNWAY is consolidate between RM2.17 & RM2.40 level, forming bolinger band squeeze.

Will it break through or break down?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on BUY call.

Immediate resistant would be RM2.40 level.
Immediate support would be RM2.17 level.

Let watch closely.

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