Tuesday, September 18, 2012

Technical Analysis Sept 2012: QL (7084)


QL RESOURCES BERHAD

Observation from Chart:-

QL retest RM3.08 support level & rebound.

How high will it rebound?

Other indicator:-
MACD at negative region, it is on downtrend sign.
Stochastic %K been trigger BUY call.

Most probably it will retest MA20 / MA50 resistance level.
If the bull strong enough, it might break through & retest RM3.27 resistance level.
If retrace down, RM3.08 would be immediate support.

Let's watch closely...

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