MAGNA PRIMA BERHAD
Observation from Chart:-
12 Oct 2011 MAGNA (7617) retest RM0.80 level again.
It keep trying break through this strong resistant, RM0.80 level BUT unsuccessful.
If break through RM0.80, next resistant would be MA50 which is RM0.815
Other indicator:-
1. MACD at negative region, downtrend sign.
2. MACD histogram turned into RED color.
3. Stochastic %K been trigger SELL call BUT pending confirmation.
Most probably it will retrace down & retest RM0.75 support level.
Let watch closely...
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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