Tuesday, January 24, 2012

Technical Analysis Jan 2012: HAPSENG (3034)


HAP SENG CONSOLIDATED BERHAD

Observation from Chart:-

20 Jan 2012, HAPSENG retest MA20 support level.

Will it break through RM1.65 resistance?

Other indicator:-
1. Reversal candlestick have been formed.
2. MACD at positive region, uptrend itinerary.
3. Stochastic %K trigger BUY call, pending confirmation.

If market sentiment positive, high probably HAPSENG will break through RM1.65 resistance, which we may confirm another wave of uptrend. (higher low & higher high)

If retrace down, immediate support @ MA20 level.

Let watch closely.

0 comments:

Post a Comment