Technical Analysis May 2012: BJTOTO (1562)

BERJAYA SPORTS TOTO BERHAD

Observation from Chart:-

BJTOTO forming bolionger band squeeze.

Will it break through RM4.44 resistance?

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

High probably it will be retest RM4.44 resistance level.

If retrace down, MA50 is immediate support.

Let's watch closely...