Monday, October 22, 2012

Technical Analysis Oct 2012: BJCORP (3395)

BERJAYA CORPORATION BERHAD

Observation from Chart:-

BJCORP forming ascending triangle pattern.

Will it break through the resistance?

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

High posiblity will consolidate @ support level.
If rebound, upper triangle would be immediate resistance level.

Let's watch closely.

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