MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD
Observation from Chart:-
4 Oct 2011, MHB retest RM5.00 psychology level.
Will it rebound or further retrace down?
Other indicator:-
MACD indicator at negative region, downtrend sign.
No reversal candlestick been formed.
Stochastic %K at oversold stage, pending trigger buy call.
If rebound, RM5.60 is immediate resistant.
Subsequent resistant would be MA20 level.
If break down RM5.00 support, immediate support will be RM4.54 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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