Sunday, June 12, 2016

Technical Analysis June 2016: HAPSENG (3034)


HAP SENG CONSOLIDATED BERHAD 

Observation from Chart:-

HAPSENG forming bolinger band squeeze since Feb 2016.

Will it breakout the resistance & go higher?

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

If able breakout RM7.90, another new high record been form.

If retrace down,
Immediate support @ RM7.45 level.
Subsequent support @ RM7.20 level.

Let's watch closely for opportunity.

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