Thursday, January 28, 2016

Technical Analysis Jan 2016: HAPSENG (3034)

HAP SENG CONSOLIDATED BERHAD 

Observation from Chart:-

HAPSENG forming higher high & higher low.

Will it breakout the resistance & go higher?

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

If able breakout RM6.80, another new high record been form.
If retrace down, Immediate support @ MA20 level.
Subsequent support @ MA50 level.

Let's watch closely for opportunity.

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