Sunday, February 19, 2012

Technical Analysis Feb 2012: RSAWIT (5113)


RIMBUNAN SAWIT BERHAD

Observation from Chart:

RSAWIT hugging bolinger upper band, go higher high.

How high will it go?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K still on BUY call, but already reach overbought stage.

If retrace down, RM1.10 is immediate support.
Subsequent support @ MA20 level.

As long as NO reversal candlestick, it have potential to go higer.

Let watch closely...

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