Thursday, October 31, 2013

Technical Analysis Oct 2013: MUDAJYA (5085)

MUDAJAYA GROUP BERHAD

Observation from Chart:-

MUDAJAYA retrace down from RM3.00 high.

Will it retest RM2.74 strong support level?

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

High possible it might retest the strong support RM2.74, will it rebound?
If break down RM2.74 support, subsequent support @ MA50 level.

Let's watch closely.

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