Monday, September 26, 2011

Technical Analysis Sept 2011: MAYBANK (1155)


MALAYAN BANKING BERHAD

Observation from Chart:-

MAYBANK hugging bolinger lower band keep forming lower low.

How low will it go?

What's the immediate support level?

Other indicator:-
No reversal candlestick been formed.
MACD at negative region, it is downtrend itinerary.
RSI & Stochastic %K at oversold stage BUT no trigger buy call yet.

High probably will retest RM7.05 or RM6.95 support level.

Let watch closely for technical rebound opportunity.


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

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