Technical Analysis Jan 2012: BJTOTO (1562)

BERJAYA SPORTS TOTO BERHAD

Observation from Chart:-

BJTOTO is retest strong resistance at RM4.50 ?

Will it break through or retrace down?

Other indicator:-
MACD trade at positive region, uptrend sign.
RSI & Stochastic %K already reach overbought stage.

High probably it will be retrace down, retest support.
RM4.39 is the immediate resistance level.
Subsequent support, MA20 level.

Let watch closely...