Thursday, November 15, 2012

Technical Analysis Nov 2012: POS (4634)

POS MALAYSIA BHD

Observation From Chart:-

POS (4634) retest MA100 support level & rebound.

How high will it rebound?

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

Immediate resistance @ MA20, which is RM3.05 level.
Subsequent resistance would be MA50 level.

Immediate support @ MA100, which is RM2.94 level.
Subsequent support @ RM2.80 level.

High posibility it will retest MA20 resistance level.

Let's watch closely.

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