Sunday, April 6, 2014

Technical Analysis Apr 2014: HAPSENG (3034)

HAP SENG CONSOLIDATED BERHAD 

Observation from Chart:-

HAPSENG succeed breakout bolinger band squeeze.

How high will it go?

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

If able form higher high & higher low, the uptrend will resume

If retrace down,
Immediate support @ RM3.04 level.
Subsequent support @ RM3.00 level.

Let's watch closely.

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