Sunday, December 1, 2013

Technical Analysis Dec 2013: POS (4634)

POS MALAYSIA BHD (4634)

Observation From Chart:

POS succeed break out RM5.80 resistance.

How about RM6.00 psychology resistance?

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

Immediate resistant RM6.00 level.

Immediate support RM5.80 level.
Subsequent support would be MA20 / MA50 level.

Since higher high & higher low been confirmed, uptrend will be resume.

Let's watch closely.

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