PUNCAK NIAGA HOLDINGS BHD
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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.
Friday, October 26, 2012
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