Sunday, October 14, 2012

Technical Analysis Oct 2012: 3A (0012)

Three-A Resources Berhad (3A)

Observation From Chart:

4 Sept 2012, 3A break down RM1.12 descending triangle support level & consolidate @ RM0.985 level.

Now retest RM1.12 resistance again, will it break through RM1.12 level?

Other indicator:-
MACD trade @ negative region, downtrend itinerary.
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistance @ triangle line
Subsequent resistance @ MA100, which is RM1.12 level.

Immediate support @ MA50 level.
Subsequent support @ MA20 level.

Let's watch closely.

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