Thursday, May 8, 2014

Technical Analysis May 2014: GADANG (9261)

GADANG HOLDINGS BHD (9261)

Observation from Chart:-

GADANG (9261) retest MA20 support level & rebound. 

Will it retest RM1.95 resistance level again?

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

Immediate support @ MA20 level.
Subsequent support MA50 level.

Immediate resistance @ RM1.95 level.
Once break this resistance, higher high been form.

Let's watch closely
.

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