Tuesday, August 13, 2013

Technical Analysis Aug 2013: HAPSENG (3034)

HAP SENG CONSOLIDATED BERHAD

Observation from Chart:-

HAPSENG keep forming higher high & higher low.

 How high will it go?

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

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

Immediate support @ MA20 which is around RM2.02 level.
Subsequent support @ RM1.97 level.
It's opportunity if retrace down retest immediate support.
 Let's watch closely.
 

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