Wednesday, November 14, 2012

Technical Analysis Nov 2012: TM (4863)

TELEKOM MALAYSIA BERHAD

Observation From Chart:-

TM keep consolidate & retest RM5.55 support level.

Will it rebound?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K trigger SELL call, pending confirmation.

If technical rebound, high posibility will retest MA20 resistance level, whiich is RM5.85 level.
Subsequent resistance would be MA50 level.

Immediate support @ RM5.55 level.
Subsequent support @ MA200, which is around RM5.30 level.

Let's watch closely.

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