Sunday, May 20, 2012

Technical Analysis May 2012: SUNWAY (5211)


SUNWAY HOLDING BERHAD

Observation from chart:-

18 May 2012, SUNWAY is retest RM2.16 support level.
Will it rebound?

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

Immediate resistant would be RM2.28 level.
Immediate support would be RM2.16 level.

If break down RM2.16 level, it might retest RM2.00 psychology level.

Let watch closely for technical rebound.

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