Wednesday, December 11, 2013

Technical Analysis Dec 2013: KKB (9466)

KKB ENGINEERING BHD

Observation from Chart

KKB (9466) rebound from MA50 support level.
How about this round, will it breakout RM2.78 resistance?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. Stochastic %K on BUY call itinerary.
 
If retrace down,
Immediate support @ MA20 level
Subsequent support @ MA50 level.
 
If succeed breakout RM2.78 level, another higher high been confirm & another wave of bull run will kick off.

Let's watch closely.

0 comments:

Post a Comment