Tuesday, January 15, 2013

Technical Analysis Jan 2013: HAPSENG (3034)

HAP SENG CONSOLIDATED BERHAD

Observation from Chart:-

HAPSENG rebound from MA20 support level.

Will it break through RM1.75 strong resistance?

Other indicator:-
MACD trade at positive region, uptrend itinerary.
Stochastic %K already trigger BUY call.

High probably will retest RM1.75 level.
If able break through, higher high been formed.

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

If review last 3 quarter result, HAPSENG might declare a handsome dividend while announce Q4 result. Q4 result might be delcare early of Feb 2013.

Let's watch closely.

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