Wednesday, May 23, 2012

Technical Analysis May 2012: MPHB (3859)


MULTI-PURPOSE HOLDINGS BERHAD

Observation from Chart:-

MPHB rebound from RM2.74 support level.

How high will it rebound?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. MACD line already bullish touching, pending crossover.
3. Stochastic %K still BUY call itinerary.

High potential, it might retest RM3 psychology level.

However, if retrace down, immediate support level should be around RM2.87 level.

Let watch closely...

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