Saturday, February 25, 2012

Technical Analysis Feb 2012: BERNAS (6866)


Observation from Chart:

BERNAS keep consolidate & forming bolinger band squeeze.

When will it break through the band?

Other indicator:
MACD moving toward positive region, uptrend itinerary
Stochastic %K still at BUY call.
NO obvious volume of acquire.

Immediate support @ MA100 level
Subsequent support @ RM3.00 psychology level

Refering 23 Feb 2012 Quarter result announcement:-
Net assets per share attributable to ordinary equity holders of the parent ($$): RM2.36
Added, NO dividend been declared.

It might be keep consolidate till next attractive news been announce.

Let's watch closely.


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