Saturday, March 10, 2012

Technical Analysis Mar 2012: ZHULIAN (5131)


ZHULIAN CORPORATION BERHAD

Observation from Chart:

ZHULIAN keep retest MA20 support level.

Will it rebound or break down this support?

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

If selling pressure is too high, it might break down MA20 support level & retest MA50 level.
Or it will keep consolidate at MA20 support level.

However, if rebound, RM1.96 is immediate resistance level.

Let's watch closely

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