Monday, August 19, 2013

Technical Analysis Aug 2013: E&O (3417)


EASTERN & ORIENTAL BERHAD

Observation From Chart:

E&O retest RM2.25 resistance level.

Will it break through & go higher?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger SELL call, pending confirmation.

Immediate resistance @ RM2.25 level.
Immediate support @ RM2.18 level.
Subsequent support @ RM2.10 level.

Let's watch closely.

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