Sunday, February 12, 2012

Technical Analysis Feb 2012: HSL (6238)



HOCK SENG LEE BERHAD

Observation from Chart:-

After HSL (6238) break through RM1.45 resistance level, the bull run non stop.
From RM1.45 to RM1.70, total +RM0.25 or +17.2%

Will it break through RM1.74 resistant as well?

Other indicator:-
MACD at positive region, uptrend itinerary.
RSI & Stochastic %K already reach overbought stage.

High probably will consolidate before go higher.
If retrace down, RM1.67 is immediate support level.
Subsequent support, RM1.61 level.

Let watch closely.

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