Sunday, July 13, 2014

Technical Analysis July 2014: TONGHER (5010)

TONG HERR RESOURCES BHD (5010)

Observation from Chart:-

TONGHER (5010) retest MA100 support & rebound...

How high will it rebound?

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

Immediate support @ MA100 level.
Subsequent support @ RM1.82 level.

Immediate resistance @ RM2.00 level.
Subsequent resistance @ RM2.06 level.

Let's watch closely

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