Tuesday, December 11, 2012

Technical Analysis Dec 2012: GASMSIA (5209)

GAS MALAYSIA BERHAD

Observation From Chart:-

GASMSIA (5209) retest RM2.58 support level again.

Will it rebound?

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

Immediate support @ RM2.58 level.
Immediate resistance @ RM2.64 level.

High probably will consolidate within RM2.58 & RM2.64 range.
If break down RM2.58 support, it might facing high selling pressure.

Let's watch closely.

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