Tuesday, December 6, 2011

Carlsberg Brewery Malaysia Bhd – Technical Analysis



Trend

Both Long & Short Term Trend is in an Uptrend

Simple Moving Average & MACD & Parabolic SAR

Price is above its 20-Day, 50-Day and 200-Day average, bullish.  20-Day SMA has crossed 50-Day SMA.
MACD is also giving bullish signals; blue line crossing the signal(red) line, both lines are above the 0-mark. MACD bar is green and MACD line hooking up.
Price is above Parabolic Stop & Reversal, bullish.

Support & Resistance


At 7.61, Carlsberg is trading close to its immediate resistance line at 7.64. Breaking above this, it may go up to 7.93, a strong resistance near 52-week high.
Immediate support is at 7.18.

Volume for the past few trading sessions is looking very healthy too.

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