Tuesday, July 22, 2014

Technical Analysis July 2014: KPJ (5878)

KPJ HEALTHCARE BERHAD

Observation from Chart:-

KPJ consolidate sideway @ RM3.49 till RM3.63 level.

How low will it consolidate?

Other indicator:
MACD trade at positive region, uptrend sign.
Stochastic %K on trigger SELL call, pending confirmation.

Since already break down MA200, it might be facing high selling pressure...
If rebound, may look for immediate resistance.

Immediate support @ RM3.49, which is MA20 level.
Subsequent support @ RM3.38, which is MA50 level

Immediate resistance @ RM3.63 level.
Subsequent resistance @ RM3,86

Let's watch closely.

0 comments:

Post a Comment