MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD
Observation from Chart:-
MHB retrace down from strong technical rebound.
Will it forming double bottom?
Other indicator:-
MACD indicator at negative region, downtrend sign.
Stochastic %K trigger SELL call, pending confirmation.
Immediate support @ RM3.17 level.
Potential retest this level & forming double bottom before rebound.
Or at least it must forming higher low & higher high, in order to conclude up
trend sign.
Let watch closely.
Friday, June 7, 2013
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