Technical Analysis Mar 2014: HOVID (7213)

HOVID BHD

Observation from Chart:

HOVID forming bolinger band squeeze....

When will it breakout the squeeze?

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

Immediate support @ RM0.33
Subsequent support @ RM0.30 level.

Immediate resistance @ MA20 / MA50 level

Subsequent resistance @ RM0.36 level.

Let watch closely...