Monday, July 16, 2012

Technical Analysis July 2012: MAXIS (6012)


Observation from Chart:-

13 July 2012, MAXIS retest RM6.55 resistance level.
Will it break through this resistance?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
3. Stochastic %K still on BUY call.

For a confirm uptrend, it must have higher high & higher low.
In order for MAXIS formed another uptrend wave, it must break through RM6.55 level.

If retrace down, MA20 / MA50 will be the immediate support.
It might be an opportunity to acquire.

Let's watch closely...


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