Tuesday, January 22, 2013

Technical Analysis Jan 2013: ASTRO (6399)

ASTRO MALAYSIA HOLDINGS BERHAD

Observation From Chart:

ASTRO retrace down from RM3.05 high.

How low will it go?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K on SELL call itinerary.

Immediate resistance @ MA50 level, which is around RM2.86
Subsequent resistance @ MA20 level, which is around RM2.96

Immediate support @ RM2.73 level.
Subsequent support @ RM2.59 level.

Once lower low & lower high been formed, it turn into downtrend...
However, if able form double bottom & rebound, it's an opportunity.

Let's watch closely.

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