Thursday, January 19, 2012

Technical Analysis Jan 2012: TM (4863)




TELEKOM MALAYSIA BERHAD

Observation From Chart:-

19 Jan 2012, TM is forming a bullish engulfing

Will it break through MA20 resistance ?

Other indicator:-
MACD at positive region, uptrend sign.
RSI already reach oversold stage.
Stochastic %K do trigger BUY call.

High probably will retest RM5 level.
MA50 is strong support level.

Let watch closely.

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