Thursday, January 3, 2013

Technical Analysis Jan 2013: TAMBUN (5191)

TAMBUN INDAH LAND BERHAD

Observation from Chart:

TAMBUN (5191) succeed break through bolinger band squeeze.

It keep going higher high & create new high record, How high will it go?

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

Immediate support @ MA20 which is around RM0.76 level.
Subsequent support @ MA50 which is around RM0.73 level.

It's opportunity if retrace down retest support.

Let's watch closely...

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