MALAYSIA STEEL WORKS (KL) BHD
Observation from Chart:-
MASTEEL seem like forming ascending triangle.
3 JAN 2012, it retest RM1.18 resistance level again.
Will it break through & go higher?
Other indicator:-
1. MACD trade at positive region, uptrend sign.
3. Stochastic %K already trigger BUY call.
If able break through RM1.18 resistance, next resistance would be RM1.28 level.
If retrace down, it might retest lower triangle line as support level.
Let watch closely for break out...
Observation from Chart:-
MASTEEL seem like forming ascending triangle.
3 JAN 2012, it retest RM1.18 resistance level again.
Will it break through & go higher?
Other indicator:-
1. MACD trade at positive region, uptrend sign.
3. Stochastic %K already trigger BUY call.
If able break through RM1.18 resistance, next resistance would be RM1.28 level.
If retrace down, it might retest lower triangle line as support level.
Let watch closely for break out...
already break at 1.21...closed 1.18.... have a chance or not
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