Thursday, October 11, 2012

Technical Analysis Oct 2012: TSH (9059)

TSH RESOURCES BERHAD

Observation from Chart:-

11 Oct 2012, TSH (9059) retest MA200 resistance level.

Will it break through & go higher?

Other indicator:-
MACD trade at negative region, downtrend itinerary.
Stochastic %K still on BUY call itinerary.

If the bull strong enough, it might break through & go higher.
Strong resistance would be MA50 / MA100, which is around RM2.41 level.

Immediate support @ MA20 level.
Subsequent support @ RM2.16 level.

Let's watch closely.

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