Tuesday, November 6, 2012

Technical Analysis Nov 2012: NAIM (5073)

NAIM HOLDINGS BERHAD

Observation from Chart:-

NAIM have been retrace down from RM2.03 high to RM1.95 support level.

Will it rebound?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on SELL call itinerary.

If rebound, immedite resistance would be RM2.03 level.
If break down RM1.95, subsequent support @ RM1.92 level.

As long as it can keep the higher high & higher low momentum, uptrend will be continue...

Let's watch closely.

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