Friday, December 2, 2011

Technical Analysis Dec 2011: MYEG (0138)


MY E.G. SERVICES BERHAD

Observation from Chart:-

2 Dec 2011, MYEG successful break through MA100 resistance level.

Will it break through MA200 resistance level?

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

From the buying volume, most probably will retest the MA200 resistance level.
If the bull strong enough, it might break through the resistance as well.

If retrace down, may look for MA100 support, RM0.64 level.
Subsequent support, RM0.615 which is MA50 level.

Let watch closely...

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