Technical Analysis Mar 2012: MUDAJAYA (5085)

MUDAJAYA GROUP BERHAD

Observation from Chart:-

MUDAJAYA retest MA20 support level.

Will it rebound?

Other indicator:-
MACD trade at positive region, uptrend stock.
Stochastic %K pending trigger BUY call.

It might be keep consolidate above MA20 level.
If break down, RM2.90 is immediate support level.
Subsequent support @ MA50 level which is around RM2.80 level.

If rebound, may watch for RM3.22 level.

Let's watch closely.