Sunday, July 8, 2012

Technical Analysis July 2012: BJCORP (3395)


BERJAYA CORPORATION BERHAD

Observation from Chart:-

BJCORP forming bolinger band squeeze.

When will it break through the band?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K still on SELL call itinerary.

High posiblity will retest RM0.74 support level.
If rebound, MA20 / MA50 would be immediate resistance level.
Subsequent resistance would be RM0.805 level.

Let's watch closely.

0 comments:

Post a Comment