Saturday, April 26, 2014

Technical Analysis Apr 2014: TAMBUN (5191)

TAMBUN INDAH LAND BERHAD 

Observation from Chart:

TAMBUN (5191) forming higher high & high low.

Will it rebound from MA20 support level?

Other indicator:-
MACD indicator trade at positive region, uptrend sign.
Stochastic %K pending trigger BUY call.

Immediate support @ MA20 which is around RM1.98 level.
Subsequent support @ RM1.90 level.

Immediate resistance @ RM2.06 level.
If able breakout, higher high been confirm, uptrend will resume..

Let's watch closely...

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