Friday, July 13, 2012

Technical Analysis July 2012: HAPSENG (3034)


HAP SENG CONSOLIDATED BERHAD

Observation from Chart:-

HAPSENG is forming ascending triangle.

Will it break through RM1.80 strong resistance?

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

If able break through RM1.80 level, it will create new higher high.
Immediate support @ MA20 level / lower triangle support.

Let's watch closely.

1 comment:

  1. I think it will break thru 1.80 with little problem...

    Care to do a chart on Hap Seng Plant...?

    ReplyDelete