Tuesday, July 9, 2013

Technical Analysis July 2013: MITRA (9571)

MITRAJAYA HOLDINGS BERHAD

Observation From Chart:

MITRA succeed break through descending triangle with huge volume.
How high would it go?
Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K still on BUY call itinerary.

Immediate resistance, RM0.55 level.
Subsequent resistance, RM0.60 level.

Immediate support MA50 level.
Subsequent support RM0.475 level.

Let watch closely.

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