Wednesday, September 28, 2011

Technical Analysis Sept 2011: BURSA (1818)



BURSA MALAYSIA BERHAD

Observation from Chart:-

After huge retrace down, Bursa formed a support RM5.83 level & start rebound.

How high will it go?

What's the immediate resistant level?

Other indicator:-
Reversal candlestick been formed.
MACD at negative region, it is downtrend itinerary.
Stochastic %K do trigger buy call.

Immediate resistant RM6.38 or MA20 level.
Immediate support RM5.83

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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