Thursday, October 25, 2012

Technical Analysis Oct 2012:TAKAFUL (6139)

SYARIKAT TAKAFUL MALAYSIA BHD

Observation from Chart:-

TAKAFUL (6139) forming bullish reversal?

How high will it go?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K already trigger buy call.

This round technical rebound, most posiblity will retest MA20 resistance level.
If strong rebound, subsequent resistance would be MA50 level.

However, if retrace down, it will retest RM4.65 support level.
Subsequent support @ MA200 level.

Let's watch closely.

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