Sunday, January 30, 2011

Technical Analysis Jan 2011: BURSA (1818)



BURSA MALAYSIA BERHAD

Observation from Chart:-

Bursa have been retrace down from RM8.98 high to RM8.20 BUT no reversal sign been formed.

RM8.16 is strong support level (MA50 & MA100 support level)

If selling pressure too high, it might future break down.

Next level of support, RM7.77 & RM7.62

However, if rebound might retest RM8.64 & RM8.98 resistant.

Let watch closely for entry opportunity.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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