Saturday, June 23, 2012

Technical Analysis June 2012: MUHIBAH (5703)



MUHIBBAH ENGINEERING (M) BHD

Observation from Chart:

22 June 2012, MUHIBAH succeed break through MA50 resistance.
What's next resistance?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

High potential will retest RM1.33 resistance level.
If retrace down, immediate support @ MA50 level.

Let's watch closely for the opportunity...

0 comments:

Post a Comment