Technical Analysis May 2012: MAXIS (6012)
MAXIS BERHAD
Observation from Chart:-
28 May 2012, MAXIS succeed break through RM6.16 resistance level.
How high will it go?
Other indicator:-
1. MACD trade at positive region, uptrend sign.
3. Stochastic %K still on BUY call.
For a confirm uptrend, it must have higher high & higher low.
As today, we may say that higher high been formed.
If retrace down, MA20 / MA50 will be the immediate support.
It might be an opportunity to acquire.
Let watch closely...
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