Sunday, September 16, 2012

Technical Analysis Sept 2012: P&O (6009)


PACIFIC & ORIENT BHD

Observation from Chart:

P&O succeed break through ascending triangle resistance.

How high will it go?

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

As long as no reversal sign, trader can drive through the trend.

If retrace dwon, immediate support would be RM1.24 level.

Let's watch closely...

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