Monday, July 16, 2012

Technical Analysis July 2012: HSPLANT (5138)


HAP SENG PLANTATIONS HOLDINGS

Observation from Chart:-

HSPLANT (5138) retest RM3.10 strong resistance level again.

How about this round, will it break through?

Other indicator:-
MACD trade at positive region, uptrend stock.
Stochastic %K at overbought stage, potential consolidate before go higher.

If market sentiment is bullish, high potential it will break through strong resistance, RM2.80 level.

Else, tt will retrace down, retest Immediate support @ RM3 psychology level 1st.

Let's watch closely.

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