Wednesday, February 19, 2014

Technical Analysis Feb 2014: THHEAVY (7206)

TH HEAVY ENGINEERING BERHAD

Observation from Chart:-

THHEAVY (7206) succeed breakout RM0.965 strong resistance.

How high will it go?

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

Since it already break through RM0.965 level, uptrend is confirm. (higher high + higher low)

It's an opportuniry if retest support.
Immediate support @ RM0.965 level.
Subsequent support @ MA20 level.

Let's watch closely.

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