MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD
Observation from Chart:-
As per 12 August 2011, MHB closing price still at oversold stage.
Most probably, this round technical rebound will retest RM7.10 resistant level.
BUT, it have to break through RM6.75 resistant level 1st before retest RM7.10
Other indicator:-
MACD indicator at negative region, downtrend sign.
RSI & Stochastic %K extremely oversold stage, pending trigger buy call.
Let watch closely.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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