Saturday, January 14, 2012

Technical Analysis Jan 2012: PARKSON (5657)


PARKSON HOLDINGS BERHAD

Observation from Chart:-

Since Oct 2011, PARKSON keep consolidate within RM5.40 & RM5.70 level.

On 14 Jan 2012, PARKSON retest RM5.70 strong resistance.

Will it break through the resistance?

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

High probably will break through RM5.70 resistance & go higher.
Next resistance would be RM5.95 level.

If retrace down, immediate support RM5.40 level.

Let watch closely.

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