Thursday, November 8, 2012

Technical Anlaysis Nov 2012: BOILERM (0168)

BOILERMECH HOLDINGS BHD

Observation from chart:-

BOILERM retest MA20 support level.

Will it rebound?

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

If rebound, it will retest RM0.90 resistace level.
If break down MA20, subsequent support @ MA50 level.

Do watch out, insider been acquire the stock in huge volume...
Let's watch closely.

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