Wednesday, September 5, 2012

Technical Analysis Sept 2012: TSH (9059)


TSH RESOURCES BERHAD

Observation from Chart:-

5 Sept 2012, TSH (9059) retest RM2.37 support level.

Will it rebound? Or further retrace down?

Other indicator:-
MACD moving toward negative region, downtrend itinerary.
No reserval candlestick been formed.
Stochastic %K NO trigger BUY call.

High selling pressure might break immediate support & further down to next support.

MA200 would be next support level that we should watch out.

If rebound, MA20 is immediate resistance level.

Let's watch closely.

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