GASMSIA (5209)

GASMSIA (5209)

GAS MALAYSIA BERHAD today 27 June 2012 hit year highest level at RM2.64 and then with strong selling pressures it close at RM2.51. Since day one listing on 11 June 2012, GASMSIA did touch a highest level at RM2.52 (IPO Price is RM2.20) with just few minutes of support. It then starts dropping till 21 & 22 June at lowest level of RM2.38.

Although today touching a day high at RM2.64 with holding Ten minutes (from 2.59pm till 3.08pm), it seems that it will have another bullish. It might try to hit RM3.30 if there is strong support.

Today 22 June 2012, highest RM2.64 and lowest RM2.50 and the closing price are RM2.61. Average supporting level has been setup at RM2. The supporting level will be RM2.25. The resistant level will be RM3.15.

The moving trend in this few days will be RM2.42 to RM2.70, and

S1 is RM2.52, S2 is RM2,48, S3 is RM2.43

R1 is RM2.70, R2 is RM2.79, R3 is RM2.88

This is a GLC (Government Link Counter) company. The moving will depend on the coming General Election and the Hari Raya.


Useful Data:

Close 27 June RM2.61 (RM2.50~RM2.64)

S= Support Level
R= Resistant Level

2012 Year Highest 27 June 2012 RM2.64
2012 Year Lowest 21 & 22 June 2012 RM2.38