Tuesday, January 31, 2012

Technical Analysis Jan 2012: MUDAJAYA (5085)


MUDAJAYA GROUP BERHAD

Observation from Chart:-

MUDAJAYA trade above MA20 support level.

26 Jan 2012, it do retest RM2.44 support & rebound.

How high will it go?

Other indicator:-
MACD trade at positive region, uptrend stock.
RSI & Stochastic %K moving toward oversold stage.

If retrace down RM2.44 is immediate support level.
Subsequent support @ MA20 level.

If go higher, strong resistance @ RM2.79 level, which is MA200 level.

Let watch closely.

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