PCHEM (5183) on 26 June 2012

PCHEM (5183)

PETRONAS CHEMICALS GROUP BHD

2012 Year Highest 14 Feb 2012 RM6.95

2012 Year Lowest 3 Jan 2012 RM6.08

After hit highest on 14 Feb 2012 at RM6.95 and the price keep dropping until 31 May 2012, with another high price at RM6.69 although fail to hit this year highest price.  Since 14 Feb 2012 onwards, this company hit a lower price at RM6.27 on 21 May 2012, and then starts rebound again although the finance result is not so good, but thanks to the dividend of RM0.08 on 6 June 2012.

From 27 April until 26 June 2012, the price is like rollercoaster. Hit Lowest on 21 May at RM6.27, and then hit highest price on 31 May 2012 at RM6.65. Again, lowest on 15 June 2012 at RM6.31 and then hit highest price on 20&21 June at RM6.64.

Today 26 June 2012, highest RM6.56 and lowest RM6.45 and the closing price are RM6.45. Average supporting level has been setup at RM6.45 (Between 25 April and 26 June 2012). The supporting level will be RM6.30. The resistant level will be RM6.75.

The moving trend in this few days will be RM6.39 to RM6.57, and

S1 is RM6.44, S2 is RM6.39, S3 is RM6.35

R1 is RM6.48, R2 is RM6.57, R3 is RM6.66

This is one of the counters for hit and run providing you have extra fund. What I analysis from this counter will be up trend till end of June

Useful Data:

Highest 13 April 2012 RM6.69

May Moving Trend

Lowest 21 May 2012 RM6.27

Highest 31 May 2012 RM6.65

June Moving Trend

Lowest 15 June 2012 RM6.31

Highest 20&21 June 2012 RM6.64

Close 26 June RM6.45 (RM6.45~RM6.56)

S= Support Level
R= Resistant Level