Friday, September 28, 2012

Technical Analysis Sept 2012: TM (4863)

TELEKOM MALAYSIA BERHAD

Observation From Chart:-

28 Spet 2012, TM succeed break through RM6.10 resistance level.

How high will it go ?

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

Higher high & higher low been confirm, expecting will have another wave of uptrend.
If retrace down, immediate support @ RM6.10 level.
Subsequent support @ MA20 & MA50 strong support level.

Let's watch closely.

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