Thursday, July 26, 2012

Technical Analysis July 2012: SUNWAY (5211)


SUNWAY HOLDING BERHAD

Observation from chart:-

SUNWAY is retest RM2.25 support level.

Will it rebound? Or break down the support?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K still on SELL call.

Immediate resistant would be RM2.32 level.
Immediate support would be RM2.25 level.

If break down bollinger band squeeze, potential facing high selling pressure.

Let's watch closely.

0 comments:

Post a Comment