Technical Analysis Apr 2012: KPJ (5878)

KPJ HEALTHCARE BERHAD

Observation from Chart:-

KPJ keep retest RM5.35 resistance level?

Will it break through? Or retrace down?

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

High probably will retrace down to MA20 support level.

Subsequent support, MA50 level.

Let's watch closely...