Saturday, November 23, 2013

Technical Analysis Nov 2013: SUNWAY (5211)

SUNWAY HOLDING BERHAD

Observation from chart:-

SUNWAY retest RM2.65 support level.
Will it rebound or breakdown the strong support?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K still on SELL call itinerary.

Immediate resistant would be MA20 level, which is around RM2.76 level.
Immediate support would be RM2.65 level.
If break down strong support, it might facing another round of selling pressure.

Let's watch closely.

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