Thursday, June 21, 2012

Technical Analysis June 2012: E&O (3417)


EASTERN & ORIENTAL BERHAD

Observation From Chart:

E&O retest RM1.47 resistance level.

Will it break through?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K still on BUY call.

If the bull strong enough, high potential break through RM1.47 level.
Else, it might retrace down, retest MA20 / MA50 support level.

Let watch closely.

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