Friday, February 10, 2012

Technical Analysis Feb 2012: RHBCAP (1066)


RHB CAPITAL BERHAD

Observation from Chart:-

RHBCAP is forming symmetrical triangle.

Will it break through upper triangle line?

Other indicator:-
1. MACD going bullish touching, pending crossover.
2. Stochastic %K still on BUY call.

If the bull strong enough, it might break through upper triangle line.
Else, it might retrace down retest lower triangle line.

Let watch closely.

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