Sunday, October 20, 2013

Technical Analysis Oct 2013: CSCENIC (7202)

CLASSIC SCENIC BHD

Observation from Chart

CSCENIC (7202) non stop uptrend?

How high will it go?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. Stochastic %K trigger BUY call, pending confirmation.
 
If retrace down,
Immediate support @ MA20 level.
Subsequent support @ MA50 level.
 
Do watch out upcoming 8% dividend, which will ex-date on 24 Oct 2013

Let's watch closely.

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