Monday, August 12, 2013

Technical Analysis Aug 2013: SERSOL (0055)

SERSOL BERHAD

Observation from Chart:-

SERSOL succeed breakout RM0.28 on July 19, 2013

As per Aug 12, 2013, the bull run been generated 105% of return.

What's next target?

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

Immediate support @ MA20
Subsequent support @ MA50 which is around RM0.28 level.

Due to extremely overbought, correction & consolidate will be take place soon.
Let's watch closely.

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