Thursday, June 21, 2012

Technical Analysis June 2012: AMEDIA (0159)


ASIA MEDIA GROUP BERHAD

Observation from Chart:-

AMEDIA retest RM0.435 resistance level.

Will it break through? Or retrace down?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K already reach overbought stage.

High posibility will consolidate side way or retrace down for correction.
If retrace down, MA20 / RM0.385 would be immediate support level.

Let's watch closely...

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