Saturday, December 15, 2012

Technical Analysis Dec 2012: KPJ (5878)

KPJ HEALTHCARE BERHAD

Observation from Chart:-

KPJ already break down MA200 support level.

How low will it go?

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

Since already break down MA200, it might be facing high selling pressure...
If rebound, may look for immediate resistance.

Immediate support @ RM5.30 level.
Immediate resistance @ MA200 level.

Let's watch closely for reversal sign...

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