Saturday, July 9, 2011

Technical Analysis July 2011: BJCORP (3395)



BERJAYA CORPORATION BERHAD

Observation from Chart:-

Seem like BJCORP facing resistant around RM1.26 level.

Will it break through RM1.26 or retrace down?

If BJCORP able break through RM1.26 with huge volume, thats a good entry opportunity.

It might retrace down to retest lower line triangle support level.

Once the breakdown occurs, most people will enter into short positions.

Other indicator:-
MACD still at positive region, uptrend stock.
Stochastic %K not yet trigger sell call.

Let watch closely for entry opportunity.


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

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