Monday, November 5, 2012

Technical Analysis Nov 2012: SEG (9792)

SEG INTERNATIONAL BHD

Observation from Chart:-

SEG retrace from RM2.15 high & retest RM1.95 support.

Will it rebound?

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

Immediate support @ RM1.95 level.
Subsequent support @ MA200 level, which is RM1.89 level.

Immediate resistance @ MA50 level, which is around RM2.01
Subsequent support @ MA20 level, which is around RM2.06

Let's watch closely.

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