Sunday, November 4, 2012

Technical Analysis Nov 2012: MUDAJAYA (5085)

MUDAJAYA GROUP BERHAD

Observation from Chart:-

MUDAJAYA forming symmetrical triangle.

When will it break out?

Other indicator:-
MACD moving toward negative region, downtrend stock.
Stochastic %K pending trigger BUY call.

Due to uncertainly, it would be better wait for break out confirmation.

If break up, bull run will kick off.
However, it break down the support, potential facing high selling preasure.

Let's watch closely.

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