Tuesday, March 6, 2012

Technical Analysis Mar 2012: HWGB (9601)


HO WAH GENTING BERHAD

Observation from Chart:

HWGB retest strong resistance RM0.44 level.

Will it break through or retrace down?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K been trigger BUY call.

High potential, it might break through RM0.44 resistance.

Subsequent resistance, RM0.46 level.
Immediate suppport MA20 level.

Let's watch closely.

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