Saturday, April 28, 2012

Technical Analysis Apr 2012: BIMB (5258)

BIMB HOLDINGS BERHAD

Observation From Chart:-
BIMB retest MA20 support level & strong resistance RM2.47 level.

Will it break through the resistance OR support level?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. Stochastic %K not yet trigger buy call.

Immediate support is MA20 level.
Subsequent support is MA50 level.

If able break through RM2.47 resistance, it might be higher high (confirm another cycle of uptrend)

Let watch closely for entry opportunity.

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