Tuesday, June 12, 2012

Technical Analysis June 2012: HAPSENG (3034)


HAP SENG CONSOLIDATED BERHAD

Observation from Chart:-

HAPSENG keep consolidate side way.

Will it break through RM1.70 strong resistance?

Other indicator:-
MACD moving toward positive region, uptrend itinerary.
Stochastic %K already reach overbought stage.

If able break through RM1.70 level, it will create new higher high.
If retrace down, immediate support @ MA20 level.

Let watch closely.

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