Tuesday, May 1, 2012

Technical Analysis May 2012: MISC (3816)


MISC BERHAD

Observation from Chart:-

MISC keep forming lower high & lower low.

How low will it go?

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

Short term outllok remain negative BUT technical rebound will be in place soon.

If rebound,
immediate resistance would be MA20 level.
subsequent resistance would be psychology level, RM5.00 level.

Let watch closely...

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