Thursday, August 9, 2012

Technical Analysis Aug 2012: TWSPLNT (6327)


Observation from Chart:

TWSPLNT break up MA20 & MA50 support level.

How low will it go?

Other indicator:-
MACD indicator trade at negative region, downtrend sign.
Stochastic %K already reach oversold stage.

Immediate support @ RM4.14 level.
Immediate resistance @ MA20 / MA50 level.

Due to oversold, high probably will technical rebound.

Let's watch closely...

1 comment:

  1. Technical analyst have many responsibilities and duties one of them is to develop, test and implement new technologies.

    Technical Analysis