Tuesday, September 20, 2011

Technical Analysis Sept 2011: MSM (5202)


MSM MALAYSIA HOLDINGS BERHAD

Observation From Chart:-

20 Sept 2011, MSM (5202) break down bolinger band squeeze & retest RM4.93 support level.

Subsequent support at RM4.45 level.

Other indicator:-
MACD at negative region, downtrend itinerary.
No reversal candlestick been formed.
RSI & Stochastic %K at oversold stage, NO trigger BUY call yet.

Let watch closely for technical rebound.

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

0 comments:

Post a Comment