Sunday, November 3, 2013

Technical Analysis Nov 2013: MYEG (0138)

MY E.G. SERVICES BERHAD

Observation from Chart:-

MYEG retrace down from RM2.60 high.

When will it reserve?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on SELL call itinerary.
Immediate support @ RM2.22 level.
Subsequent support @ MA20, which is around RM2.10 level.
Immediate resistance would be RM2.60 level.

Around end of November, MYEG will announce their Q1 result.

Let's watch closely

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