Friday, May 4, 2012

Technical Analysis May 2012: MAYBULK (5077)


MALAYSIAN BULK CARRIERS BERHAD

Observation from Chart:

MAYBULK rebound from RM1.59 support level.

Will it break through MA200 resistance level?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K already trigger BUY call.

If the bull strong enough, high potential break through MA200.
Subsequent resistance RM2.00 psychology level.

Immediate support @ MA50 level.
Subsequent support @ MA20 level.

Let watch closely for entry opportunity...

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