Wednesday, November 23, 2011

Technical Analysis Nov 2011: BJTOTO (1562)


BERJAYA SPORTS TOTO BERHAD

Observation from Chart:-

BJTOTO is forming symmetrical triangle?

On 23 Nov 2011, BJTOTO formed doji candlestick.

Is that a reversal sign?

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

High probably it will be technical rebound.
RM4.24 is the immediate resistance level.

Let watch closely...

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