Industry: construction, rehabilitation, operation, maintenance, management and refurbishment of water treatment, oil & gas sector, provision of offshore and onshore engineering works
Company website: http://www.puncakniaga.com.my/
From study of TC it should had reach a short term TC of low but can it move north to above 2.58 and to a new high that still a question mark .
From your MA I saw you are using EMA why EMA ? why not make it simple why 20 and 50 only where the short term MA.
Why use so many indicators many really help ? Many will only confuse your mind pick one which suit you best then trust it, why not we plot a weekly chart to see what we get, shall not we change the setting of Stochastic or RSI.
According to my Flag Pole, It may reach back RM 3.00 , but tomorrow is the date warrant issued.
But RSI have bearish divergence .... but RSI is laggard indicator , don't forget EPF and Tabung Haji stopped dumping the stock already. According to candlestick and price volume reading, it's a buy signal. According to RSI, it is Sell signal.
The condition of this chart is " volatile and sideways " after breaking up into an uptrend from 2.00. I don't favour this type of pattern.
Thursday, July 25, 2013
