Tuesday, May 21, 2013

Technical Analysis May 2013: HAIO (7668)


Observation From Chart:

HAIO succeed break through RM2.45 resistance level with huge volume.

How high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K @ overbought stage.

Immediate resistance @ RM2.62 level.
Subsequent resistance @ RM2.67 level.

Immediate support @ RM2.45
Subsequent support @ MA20 / MA50 level.

It's an entry opportunity if retrace down retest support level.
Let's watch closely.

Monday, May 13, 2013

Technical Analysis May 2013: COASTAL (5071)


Observation From Chart:-

COASTAL hugging bolinger upper band go higher high & formed shooting star.

Will it retrace down?

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

Immediate support @ RM2.16 level.
Subsequent support @ RM2.09 level.

Due to overbought stage, high probably it will retrace down, retest support level.
It's an entry opportunity after correction completed.

Let's watch closely