Wednesday, November 23, 2011

Technical Analysis Nov 2011: MISC (3816)


MISC BERHAD

Observation from Chart:-

MISC retest 2X RM6.00 psychology level & rebound.

How high will it rebound?

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

High probably it will be technical rebound.
RM6.40 is the immediate resistance level, MA50 level.

Let watch closely...

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