Monday, August 13, 2012

Technical Analysis Aug 2012: MPHB (3859)


MULTI-PURPOSE HOLDINGS BERHAD

Observation from Chart:-

MPHB retest RM3.64 strong resistance level.

Will it break through & go higher?

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

High potential, it might break through RM3.64 level.
However, if retrace down, immediate support level should be MA20 level.

Subsequent support MA50 or bolinger lower line.
Let's watch closely...

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