Saturday, February 26, 2011

Technical Analysis Feb 2011: BURSA (1818)




BURSA MALAYSIA BERHAD

Observation from Chart:-

Bursa have been retrace down from RM8.98 high to RM8.10

It have been attempt 3X at RM8.10 level & now forming decending triangle pattern.
So, RM8.10 is current strong support level.

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

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

However, if able break up the triangle upper line with huge volume, it 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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