Technical Analysis June 2011: MUHIBAH (5703)

MUHIBBAH ENGINEERING (M) BHD

Observation from Chart:

As today, 15 June, MUHIBAH retest RM1.90 high.

Will it break up this resistant level? Or retrace down?

If retrace down, it might retest RM1.75 support level which is bolinger middle band.

However, if able break up RM1.90 level, next resistant is RM2.00 psychology resistant level.

Let watch closely for the opportunity...




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