Monday, January 9, 2012

Technical Analysis Jan 2012: WIJAYA (4022)


WIJAYA BARU GLOBAL BERHAD

Observation from Chart:-

WIJAYA is forming ascending triangle.

On 9 Jan 2012, WIJAYA retest RM0.84 resistance level.

Will it break through & go higher?

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

High probably it will break though the resistance.
If retrace down, it might retest lower triangle line.

Let watch closely.

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