Thursday, August 22, 2013

Technical Analysis Aug 2013: SCABLE (5170)

SARAWAK CABLE BERHAD

Observation from Chart:-

SCABLE retrace down from RM2.23 high & retest MA20 support level.

Will it rebound?

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

Immediate resistance @ RM2.23 level.

Immediate support @ MA20 level.
Subsequent support @ MA50 level.

Let's watch closely.

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