Monday, March 12, 2012

Technical Analysis Mar 2012: BJTOTO (1562)


BERJAYA SPORTS TOTO BERHAD

Observation from Chart:-

BJTOTO retest strong support at RM4.30 & rebound.

How high will it rebound?

Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastic %K already trigger BUY call.

High probably it will be retest MA50 / RM4.40 resistance level.
Subsequent resistance, MA20 level.
If retrace down, RM4.30 is immediate support.

Let's watch closely...

0 comments:

Post a Comment