Sunday, August 7, 2011

Technical Analysis Aug 2011: BURSA (1818)



BURSA MALAYSIA BERHAD

Observation from Chart:-

On 5 August 2011, Bursa have been gapped down to RM7.37 level.

Subsequent support level would be around RM6.97 level.

Other indicator:-
No reversal candlestick been formed.
MACD moving toward negative region, down trend sign.
Stochastics %K at oversold stage but pending trigger buy call

Let watch closely for technical rebound.


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

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