Wednesday, January 18, 2012

Technical Analysis Jan 2012: RAMUNIA (7206)


RAMUNIA HOLDINGS BERHAD

Observation from Chart:-

18 Jan 2012, Ramunia succeed break through MA50 resistance level with huge volume.

Will it break through next resistance, RM0.405 level?

Other indicator:-
1. MACD moving toward positive region, uptrend sign.
2. Stochastic %K been trigger BUY call.

High probably will retest RM0.405 level.
If the bull strong enough, it might break through RM0.405 level & go higher.
Immediate support @ MA50 level.

Let watch closely for entry opportunity...

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