Friday, November 11, 2011

Technical Analysis Nov 2011: BURSA (1818)






BURSA MALAYSIA BERHAD

Observation from Chart:-

BURSA retest MA20 support level.

Will it rebound or break down this level?

Other indicator:-
MACD at positive region, it is uptrend itinerary.
Stochastic %K on SELL call.

Immediate resistant RM6.78 level.
Subsequent resistant RM6.87 or MA100 level.

Immediate support RM6.54 or MA20 level.
Subsequent support RM6.40 level.

If market sentiment is positive, BURSA should be rebound.
Let watch closely.

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