Saturday, April 12, 2014

Technical Analysis Apr 2014: N2N (0108)

N2N CONNECT BHD

Observation from Chart:-

N2N keep on retest RM0.85 resistance level.

Will it breakout this strong resistance?

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

If able breakout RM0.85, higher high is confirmed, the uptrend will resume

If retrace down,
Immediate support @ MA20 level.
Subsequent support @ MA50 level.

Let's watch closely.

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