Sunday, July 8, 2012

Technical Analysis July 2012: AFG (2488)


ALLIANCE FINANCIAL GROUP BHD (2488)

Observation from Chart:

AFG formed reversal candlestick @ RM4.38 level.

What's the immediate support level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K already trigger SELL call.

High probably it will retrace down & retest @ MA20 support level.
Subsequent support @ MA50 level.

Let's watch closely.

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