Friday, September 7, 2012

Technical Analysis Sept 2012: MPHB (3859)


MULTI-PURPOSE HOLDINGS BERHAD

Observation from Chart:-

MPHB retest strong support level.

Will it rebound?

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

If market sentiment is positive, it might be rebound & retest RM3.87 high.
However, if break down, next support should be RM3.45 level.

Let's watch closely...

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