Monday, June 4, 2012

Technical Analysis June 2012: MUDAJAYA (5085)



MUDAJAYA GROUP BERHAD

Observation from Chart:-

MUDAJAYA retest RM2.81 resistance level.

Will it break through?

Other indicator:-
MACD moving toward positive region, uptrend stock.
Stochastic %K still on BUY call.

If market sentiment is bullish, high potential it will break through RM2.81 resistance.

Else, tt might be consolidate above MA50 / MA20 support level.

Subsequent support @ RM2.50 level.

Let's watch closely.

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