Monday, May 28, 2012

Technical Analysis May 2012: MAXIS (6012)


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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