Thursday, January 20, 2011

Technical Analysis Jan 2011: MULPHA (3905)



MULPHA INTERNATIONAL BERHAD

Observation from Chart:

After attemp 4X ar RM0.675 unable break up, it start retrace down.
On 19 Jan, it retest MA20 support but no reversal sign been formed.
MACD bearish crossover BUT still at positive region.

If future retrace down, may look for RM0.575 & RM0.565 level.
RM0.55 might be strong support level, MA50 support level.

If rebound, may retest RM0.675 resistant level.

Let watch closely.

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

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