Sunday, May 29, 2011

Technical Analysis May 2011: MAS (3786)


MALAYSIAN AIRLINE SYSTEM BERHAD

Observation from Chart:

Downtrend stock, forming lower high & lower low.

Since Feb 2011, MACD retrace down to negative region.

Unfortunately, RM1.80 support level unable sustain. It further break down the support.

From stochastics %K indicator, MAS definitely at oversold stage, technical rebound will be in place soon.

Let watch closely...


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

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