Thursday, September 27, 2012

Technical Analysis Sept 2012: DAIBOCI (8125)

DAIBOCHI PLASTIC & PACKAGING

Observation from chart:-

DAIBOCI (8125) retest RM2.36 resistance level?

Will it break through? Or retrace down?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

If the bull strong enough, it might break through & go higher.
However, if retrace down, MA20 would be immediate support.
Subsequent support @ lower triangle line.

Let's watch closely.

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