Thursday, January 5, 2012

Technical Analysis Jan 2012: BHIC (8133)


BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD


Observation from Chart:-

BHIC already extreamly overbought stage on "BHIC ATTRACTS INTEREST ON PRIVATISATION TALK".

Will it go higher, break through RM4.15 resistance?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K at overbought stage.

It have posiblity consolidate before go higher.
Or retrace down, retest support.

Let watch closely.

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