Saturday, September 27, 2014

Technical Analysis Sept 2014: KIMHIN (5371)

KIM HIN INDUSTRY BHD 

Observation From Chart:

KIMHIN forming higher high & higher low.

How high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K already reach overbought stage.

Immediate resistant RM1.72 level.

High possibility will be retrace down retest support level.
Immediate support RM1.56 level.
Subsequent support MA20 level.

Let's watch closely.

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