Saturday, May 31, 2014

Technical Analysis May 2014: HUPSENG (5024)

HUP SENG INDUSTRIES BHD 

Observation From Chart:

HUPSENG (5024) retest MA50 support level.

Will it rebound from support level?

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

Immediate resistance @ RM1.22 level.
Subsequent resistance @ RM1.25 level.

Immediate support @ MA20 / MA50 level.
Strong support @ RM1.13 level.

Let's watch closely.

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