Sunday, September 18, 2011

Technical Analysis Sept 2011: BJTOTO (1562)


BERJAYA SPORTS TOTO BERHAD

Observation from Chart:-

15 Sept 2011, BJTOTO super bullish & break through 3 major resistant which are MA200, MA100, MA50 resistant level with huge volume.

Subsequent resistant is around RM4.50 level.
Immediate support is around RM4.32 level.

Other indicator:-
MACD moving toward positive region BUT pending confirmation.
Stochastic %K been trigger BUY call.

Estimate next few days, BJTOTO will announce their quarterly report.
Will it break through RM4.50 level? It rely on coming BJTOTO quarterly result + dividend.

Let watch closely...

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

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