Tuesday, July 3, 2012

Technical Analysis July 2012: THPLANT (5112)


TH PLANTATIONS BERHAD

Observation from Chart:-

THPLANT is forming descending triangle with RM2.18 support.

Will it break through upper triangle line resistance?

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

If able break through upper triangle line, next resistant would be RM2.50 level.
However, if retrace down, it might retest RM2.18 support level again.

Let's watch closely...

0 comments:

Post a Comment