Wednesday, November 7, 2012

Technical Analysis Nov 2012: E&O (3417)

EASTERN & ORIENTAL BERHAD

Observation From Chart:

E&O succeed break through bolingger band squeeze.

How high will it go?

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

Immediate resistance @ RM1.70 level.
Subsequent resistance @ RM1.80 level.

Immediate support @ MA20
Subsequent support @ MA50

Let's watch closely.

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