COASTAL CONTRACTS BHD (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
Monday, May 13, 2013
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