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Technical Picks Chartists make use of Technical Analysis to make decisions. Post technical picks here! However, do note that these picks are the opinions of the posters and should not be taken as a recommend to trade.

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12-07-2008, 10:06 PM

cheongtk

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Join Date: May 2008

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Uob

The fibonacci retracement shows that the stock has the following key levels -

Resistance 1 - 19.0 (30 DMA)
Resistance 2 - 19.8 (200 DMA)
Resistance 3 - 20.5

Support 1 - 18.2
Support 2 - 17.5
Support 3 - 16.7

The stock is currently in a downtrend. If the stock sustains above support 1, then it might go to its 30 DMA. If 30 DMA is crossed, then next target would be 19.8

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