ALLIANCE FINANCIAL GROUP BHD (2488)
Observation from Chart:
AFG retest RM4 psychology support level.
Will it rebound or break down this support?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on SELL call itinerary.
If break down psychology support, subsequent support would be MA200 level.
However, if rebound, MA20 would be immediate resistance.
Subsequent resistance @ MA50, which is RM4.15 level.
Let's watch closely.
Wednesday, October 17, 2012
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