Wednesday, December 21, 2011

Technical Analysis Dec 2011: MISC (3816)


MISC BERHAD

Observation from Chart:-

MISC rebound from RM5.33 low.

How high will it rebound?

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

High probably it will retest RM5.66 resistance level.
Subsequent resistance would be psychology level, RM6.00 level.

If retrace down, it might retest RM5.33 level.

Let watch closely...

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