Thursday, May 31, 2012

Technical Analysis May 2012: RSAWIT (5113)


RIMBUNAN SAWIT BERHAD

Observation from Chart:

RSAWIT retest MA20 / MA50 resistance level.
Will it break through & go higher?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K still on BUY call itinerary.

If retrace down, RM1.00 is psychology support.
Subsequent support @ RM0.97 level.

If able break through RM1.00 level, next target would be RM1.11 level.

Let watch closely...

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