Sunday, May 11, 2014

Technical Analysis May 2014: TONGHER (5010)


TONG HERR RESOURCES BHD (5010)

Observation from Chart:-

TONGHER (5010) forming ascending triangle...

Will it break out RM2.06 resistance level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K already on BUY call.
Parabolic Stop & Reversal turned GREEN color.

Immediate support @ MA20 level.
Subsequent support MA50 level.

Immediate resistance @ RM2.06 level.
Once break this resistance, higher high been form.

Let's watch closely

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