Sunday, August 5, 2012

Technical Analysis Aug 2012: JOHOTIN (7167)


JOHORE TIN BHD

Observation from chart:-

JOHOTIN forming shooting star @ historical high ?

Will it retrace down for consolidation?

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

Immediate resistant would be RM1.78 level.
Immediate support would be RM1.58 / MA20 level.

High probability, it will retest immediate support.

Let's watch closely.

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