Monday, November 14, 2011

Technical Analysis Nov 2011: MYEG (0138)


MY E.G. SERVICES BERHAD

Observation from Chart:-

MYEG is consolidate between RM0.61 & RM0.65 level.

Now, it is forming bolinger band squeeze.

Will it break through MA100 resistance level?

Other indicator:-
1. MACD moving toward positive region, uptrend sign.
2. MACD bullish crossing.
3. Stochastic %K been trigger BUY call.

From the buying volume, most probably will break through the resistance.

Subsequent resistance would be RM0.71 which is MA200 level.

If retrace down, may look for MA50 support, RM0.62 level.

Let watch closely...

0 comments:

Post a Comment