Saturday, August 17, 2013

Technical Analysis Aug 2013: TASCO (5140)


TASCO BERHAD

Observation from Chart:- 

TASCO forming higher high & higher low.

Will it retest RM2.32 level?

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

If retrace down, MA20 would be immediate support.
Strong support @ MA100 level.

Immediate resistance would be RM2.32
Let's watch closely.

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