Tuesday, April 3, 2012

Technical Analysis Apr 2012: MSC (5916)


MALAYSIA SMELTING CORPORATION BERHAD

Observation From Chart:

MSC consolidate at RM4.10 level.

Will it rebound? Or break down this support?

Other indicator:-
MACD trade at negative region, downtrend sign.
MACD bullish crossover.
Stochastic %K at BUY call itinerary.

Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level.

Immediate support @ RM4.10 level.
Subsequent support @ RM4.00 psychology level.

Let's watch closely.

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