Sunday, September 23, 2012

Technical Analysis Sept 2012: AFFIN (5185)

AFFIN HOLDINGS BERHAD

Observation from Chart:-

AFFIN retest MA20 resistance level.

Will it break through MA20 & go higher?

Other indicator:-
No reversal candlestick been formed.
MACD trade at negative region, downtrend sign.
Stochastic %K still at BUY call.

If the bull strong enough, high probably will break through MA20 level.
Next resistance would be MA50 level which is RM3.53

If retrace down, it might retest MA100 support level which is RM3.33 level.
Subsequent support @ RM3.25 level.

Let's watch closely...

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