Sunday, March 11, 2012

Technical Analysis Mar 2012: GAB (3255)


GUINNESS ANCHOR BERHAD

Observation from Chart:

GAB retrace down from RM13.80 high.

Will it retest MA20 level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on SELL call position.

High potential, it might retrace down to MA20 level.
RM12.90 is strong support level.
Subsequent support MA50 level.

Let watch closely for rebound opportunity.

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