Wednesday, October 10, 2012

Technical Analysis Oct 2012: MAXIS (6012)

MAXIS BERHAD

Observation from Chart:-

MAXIS keep retest RM7.04 resistance level & unable break through.

Will it retrace down?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger SELL call, pending confirmation.

If retrace down, MA20 will be the immediate support.
Subsequent support MA50 level.

However, if able break through RM7.04, higher high been formed.
It will be another wave of uptrend.

Let's watch closely...

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