Thursday, May 24, 2012

Technical Analysis May 2012: DELEUM (5132)


DELEUM BERHAD

Observation from Chart:-

24 May 2012, DELEUM retest RM2.64 resistance level.

Will it break through & go higher?

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

It do declared
BONUS ISSUE OF 50,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN DELEUM BERHAD ("DELEUM") (“SHARE(S)”) (“BONUS SHARE(S)”) TO BE CREDITED AS FULLY PAID-UP, ON THE BASIS OF ONE (1) NEW ORDINARY SHARE OF RM1.00 EACH FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN DELEUM AT 5.00 P.M. ON 8 JUNE 2012

High potential it might break through the resistance & go higher.

Let watch closely for break out...

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