Friday, June 1, 2012

Technical Analysis June 2012: BURSA (1818)


BURSA MALAYSIA BERHAD

Observation from Chart:-

BURSA keep forming lower high & lower low.

How low will it gp?

Other indicator:-
MACD at negative region, it is downtrend itinerary.
Stochastic %K at extremely oversold stage.

Immediate resistant MA20 level.
Immediate support RM5.69 level.

If market sentiment is remain uncertain, high potential BURSA will retest RM5.69 level.

Let's watch closely for technical rebound.

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