Saturday, December 24, 2011

Technical Analysis Dec 2011: MAHSING (8583)


MAH SING GROUP BERHAD

Observation from Chart:-

MAHSING rebound from RM1.68 level & successful break through MA20 & MA50 resistance.

Will it break through MA100 resistance, which is RM2.00 psychology level?

Other indicator:-
No reversal candlestick been formed.
MACA bullish crossing, yet to move toward positive region.
Stochastic %K still on BUY call itinerary.

High potential will retest RM2.00 psychology level.
If able break through, it might consolidate between RM2.00 & RM2.14 level.
If retrace down, it might retest MA50 support level.

Let watch closely...

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