Sunday, December 8, 2013

Technical Analysis Dec 2013: TSH (9059)

TSH RESOURCES BERHAD

Observation from Chart:-

TSH (9059) formed higher low.

 How about higher high?

Other indicator:-
MACD trade at negative region, downtrend itinerary.
Stochastic %K trigger BUY call, pending confirmation.

Crude Palm Oil Price succeed formed higher low & higher high.
High probably, TSH will follow the CPO trend & go higher.

Immediate resistance would be RM3.00 which is psychology resistance level.

Immediate support @ RM2.88 level.
Subsequent support @ MA20 level.

Once higher high & higher low been confirm, it's an opportunity while retrace down retest support

Let's watch closely.

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