Sunday, November 4, 2012

Technical Analysis Nov 2012: DIJACOR (5401)

DIJAYA CORPORATION BHD

Observation from chart:-

DIJAYA is consolidate between RM1.00 & RM1.08 level.

Will it break through RM1.08 level?

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

If there is positive news flow, it might break through RM1.08 & formed higher high.
If no, it might keep consolidate within the range.

Immediate resistance @ RM1.08
Subsequent resistance @ RM1.10 (MA200 level)

Immediate support @ MA50 & MA100
Strong support @ RM1.10

Let's watch closely.

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