Update on KFC Share Price

I got clue that KFC selling down recently due to bird flu crisis in Thailand. As I promised earlier to update on this KFC stock price, the price turn upward even the KLSE index average down this 3 days. My comment on selling mode a few weeks and end with big volume showing that the support level is strong. Buyers are supporting the stock at level which sellers unload their position. Volume spikes on last 3 days trading session near the support level leads the reversal meaning drying up of the selling pressure. Volume increasing 3 days in row showing the accumulation and the price bounce slightly upward. 25sen from current support. The RSI 14 days turn upward and just move out from the oversold area.

KFC Holding Daily Chart

Enough to make money? Mmmm... Anyway, just to remind that the resistance is just near there RM6.35 to RM6.40 which usually the first target stock disposal. Keep your profit and tight your stop loss. Happy learning and happy trading!