Wednesday, August 22, 2012

Technical Analysis Aug 2012: TAANN (5012)


TA ANN HOLDINGS BERHAD

Observation From Chart:-

TAANN seem like retest RM4.39 support.

Will it rebound?

Other indicator:-
MACD trade at negative region, downtrend itinerary.
Stochastic %K NO trigger BUY call.

Immediate resistance, upper line of descending triangle.
Immediate support, RM4.39 level.

If the bear strong enough, it might break through, next support RM4.21 level.
Else, it might rebound & break descending resistance.

Let's watch closely.

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