Technical Analysis June 2011: BJTOTO (1562)
BERJAYA SPORTS TOTO BERHAD
Observation from Chart:-
BJTOTO is forming Ascending Triangle Pattern.
It current resistant is around RM4.32 level.
It strong support level should be bottom line of the triangle
Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.
It do forming symmetrical triangle on MACD line.
Estimate this few days, BJTOTO will announce their quarterly report.
Will it break up RM4.32 level? It rely on coming BJTOTO quarterly result + dividend.
Let watch closely...
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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