Monday, July 4, 2011

Technical Analysis July 2011: MITRA (9571)




MITRAJAYA HOLDINGS BERHAD

Observation From Chart:

MITRA retrace down from RM0.84 to RM0.605 (-RM0.215 or -26.1%)
As today, 4 July 2011, MITRA already oversold stage.

RM0.57 is current support level.
Subsequent strong support level RM0.545 which MA200 support level.

MACD retrace down to negative region.
RSI & Stochastic %K already at oversold stage.

Let watch closely for reversal candlestick (technical rebound).


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

0 comments:

Post a Comment