KFC technically outlook

>> Thursday, July 28, 2011

Technical Outlook
KFC share price has broke above resistance RM3.91 day before(26/7/11). As usual, resistance will turn support at RM3.91. To be precise, its a strong support.

MACD stay quiet below zero. ADX positive. MA(14d) cross over MA(50d) signal a uptrend.

My next target is RM4.12, which is a long term uptrend line. Break above will push the price all the way up to RM4.51. Its time to ACCUMULATE.

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