Sunday, July 3, 2011

Technical Analysis July 2011: MAHSING (8583)



MAH SING GROUP BERHAD

Observation from Chart:-

MAHSING seem like forming symmetrical triangle.

Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.

Potential breakout target:-
RM3.16 (break up)
RM2.11 (break down)

Stochastic %K been trigger SELL call on 30 June 2011.
MACD histogram in RED color, pending bearish crossover.

Let watch closely...

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

1 comment:

  1. Hi Quah,

    What do you think about MITRA?Is it a good buy right now?

    ReplyDelete