Monday, July 11, 2011

Technical Analysis July 2011: MMODE (0059)



M-Mode Berhad


Observation from Chart:-

On 11 July 2011, MMODE successful break up bolinger band squueze with huge volume.

How high will it go?

If MMODE able break through RM0.265 resistant, it is a good entry opportunity.

RM0.225 is current support level.

Subsequent support level @ MA50 level.

Other indicator:-
MACD at positive region & formed bullish crossover.
Stochastic %K no trigger sell call.

Let watch closely.


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

0 comments:

Post a Comment