Technical Analysis Jan 2013: GASMSIA (5209)

GAS MALAYSIA BERHAD

Observation From Chart:-

GASMSIA (5209) succeed break through bolinger band squeeze.

How high will it go?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM2.66 level.
Subsequent resistance @ RM2.70 level.

Immediate support @ MA50 level.
Subsequent support @ MA20 level.

If retrace down, higher low is formed, uptrend is confirm.

Let's watch closely for entry opportunity.