Sunday, January 15, 2012

Technical Analysis Jan 2012: HLBANK (5819)


HONG LEONG BANK BERHAD

Observation from Chart:-

Since 19 Oct 2011, HLBANK keep consolidate but unable break through MA200 resistance level.

On 13 Jan 2012, HLBANK retest MA20 zupport level.

Will it rebound & break through MA200 resistance?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K pending trigger BUY call.

High probably will retest MA200 level again.
If the bull strong enough, it might break through MA200 level.
Else, it might retest MA20 support level.

Let watch closely.

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