Sunday, October 13, 2013

Technical Analysis Oct 2013: NAIM (5073)

NAIM HOLDINGS BERHAD

Observation from Chart:-

NAIM forming descending triangle pattern.

Is that breakout been confirm?

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

Immediate resistance @ MA100 RM3.83 level.
Subsequent resistance @ RM4 level.

Immediate support @ MA20 level
Subsequent support @ MA50 level.
Strong support @ RM3.18 level.

 Let's watch closely.

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