Tuesday, April 22, 2008

ASTRO (Symbol: 5076)

ASTRO (Stock code: 5076) made a MACD crossover yesterday. That is a bullish sign.

The stochaistics chart has also made a crossover which indicates strength in the near term.

The 14 day RSI is at neutral level and is neither in overbought or oversold level.

The chart is indicating a support at RM 3.30. One approach is to buy when the price exceeds RM 3.46 and to set a stop loss at RM 3.29. The resistance after RM 3.46 is at RM 3.72.

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