Monday, November 19, 2012

Technical Analysis Nov 2012: MPHB (3859)

MULTI-PURPOSE HOLDINGS BERHAD

Observation from Chart:-

MPHB succeed break through ascending triangle.

How high will go?

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

High probability it migh retest RM3.89 level.

If retrace down, immediate support @ RM3.68 level.
Subsequent support @ MA20 & MA50 level.

Let's watch closely...

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