Friday, October 26, 2012

Technical Analysis Oct 2012: PUNCAK (6807)

PUNCAK NIAGA HOLDINGS BHD '

Observation from Chart:-

PUNCAK (6807) keep consolidate within RM1.28 & RM1.40 range & forming bolinger band squeeze.

When will it break through the band?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K pending trigger buy call.

High posiblity will continue consolidate within the band.

Immediate resistance @ RM1.37 level.
Strong resistance @ RM1.40 level.

Immediate support @ MA20 level.
Strong support @ RM1.28 level.

Let's watch closely for the break out.

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