Monday, July 23, 2012

Technical Analysis July 2012: SEG (9792)


SEG INTERNATIONAL BHD

Observation from Chart:-

SEG is retrace from RM2.15 high.

What's the immediate support?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on SELL call itinerary.

Immediate support would be RM2 psychology level.
Subsequent support would be MA20 level.

If rebound, it might retest RM2.15 high again.

Let's watch closely.

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