Sunday, May 20, 2012

Technical Analysis May 2012: KPJ (5878)



KPJ HEALTHCARE BERHAD

Observation from Chart:-

KPJ retest MA20 resistance level.

Will it break through? Or retrace down?

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

High probably it will consolidate between MA20 vs MA50 level.

Strong support @ MA50 level.
Strong resistance @ RM5.90 level.

Let's watch closely...

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