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!!!
Hi Quah,
ReplyDeleteWhat do you think about MITRA?Is it a good buy right now?