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...
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