Saturday, April 5, 2014

Technical Analysis Apr 2014: HUAYANG (5062)

HUA YANG BERHAD

Observation from Chart:-

HUAYANG (5062) been trading sideway quite sometimes & formed bolinger band squeeze.

Will it breakout the bolinger band squeeze?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM1.88 level.
Subsequent resistance @ MA100

Immediate support @ MA20 / MA50 level.
Subsequent support @ RM1.75 level.

Let watch closely...

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