Tuesday, October 2, 2012

Technical Analysis Oct 2012: GASMSIA (5209)

GAS MALAYSIA BERHAD

Observation From Chart:-

GASMSIA (5209) forming symmetrical triangle pattern?

Will it break through upper triangle resistance?

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

Immediate support @ MA20 / MA50.
Immediate resistance @ upper triangle line.

Once it break through resistance, another wave of uptrend will continue.
However, if break down the support level, might facing selling pressure.

Let's watch closely.

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