Sunday, February 19, 2012

Technical Analysis Feb 2012: MBSB (1171)


MALAYSIA BUILDING SOCIETY BERHAD

Observation from Chart:

Since 13 Dec 2011, MBSB break through MA20 resistance, the uprend non stop.

Everytime retrace down & retest MA20 support level, automatic rebound.

How about this round? Will it rebound?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K still on SELL call.

If break down MA20 support, subsequent support would be RM2 psychology level.
If rebound, immediate resistance at RM2.36 level.

Let watch closely...

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