Sunday, April 1, 2012

Technical Analysis Apr 2012: BURSA (1818)



BURSA MALAYSIA BERHAD

Observation from Chart:-

BURSA retest MA50 support level & rebound.

How high will it rebound?

Other indicator:-
MACD at positive region, it is uptrend itinerary.
Stochastic %K trigger BUY call.

Immediate resistant RM7.50 level.
Subsequent resistant RM7.60 level.

Immediate support MA50 level.

If market sentiment is positive, BURSA might be break through RM7.60 level & go higher.

Let's watch closely.

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