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Thursday, January 6, 2011

Trader’s Watch - KHSB

News released today that Selangor government has made new offers to four water concessionaries will not only attract interest in the water sector but also spill over to KHSB. KHSB would be the main beneficiary in the state if the deal was materialized.

From the charts, KHSB’s uptrend was confirmed by various indicators namely MACD, Chaikin Oscillator, Stochastic Slow and its candlesticks. Its 5SMA has crossover 10SMA since a month ago.

Resistances: 0.45, 0.475, 0.485
Support: 0.43-0.42

Analyzed and Written by Smartbiz (Chart extracted from OSK. Click to view)