Tuesday, September 18, 2012

Technical Analysis Sept 2012: SUNWAY (5211)


SUNWAY HOLDING BERHAD

Observation from chart:-

SUNWAY retest RM2.27 resistance level.
Will it break through or keep consolidate?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K still on BUY call itinerary.

Immediate resistant would be MA50 / MA100 level, which is around RM2.27 level.
Immediate support would be RM2.18 level.

Let's watch closely.

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