Saturday, September 29, 2012

Technical Analysis Sept 2012: GASMSIA (5209)

GAS MALAYSIA BERHAD

Observation From Chart:-

Since Aug 10, GASMSIA (5209) keep consolidate between RM2.60 & RM2.70 level.

When will it break through the bolinger band squeeze?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Once it break through RM2.70, higher high been formed, uptrend will continue.
Once it break through RM2.60, lower low been confirmed, potential facing high selling preasure.

Immediate support @ RM2.60
Immediate resistance @ RM2.70

Let's watch closely.

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