Wednesday, October 26, 2011

Technical Analysis Oct 2011: MBSB (1171)


MALAYSIA BUILDING SOCIETY BERHAD

Observation from Chart:

Since 26 Sept 2011, MBSB already start rebound from RM1.20 low.

The rebound quite strong, in between it do retest lower line triangle.

Now, it retest RM1.69 strong resistant.

Will it break through the resistant? Or retrace down?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K already trigger BUY call.

It is a good entry point, if MBSB able break through RM1.69 level.

Let watch closely...

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

0 comments:

Post a Comment