Wednesday, April 16, 2014

Technical Analysis Apr 2014: DSONIC (5216)

DATASONIC GROUP BERHAD 

Observation from Chart:-

DSONIC (5216) retrace down from RM4.84 high & retest MA100 support level...

Will it rebound from MA100 level?

Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastic %K still on SELL call.

Immediate support @ MA100 level.
Subsequent support @ MA200 level.

Immediate resistance @ MA50 level.
Subsequent resistance @ MA20 level.

Let's watch closely.

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