Sunday, March 16, 2014

Technical Analysis Mar 2014: MUHIBAH (5703)

MUHIBBAH ENGINEERING (M) BHD
Observation from Chart:

MUHIBAH forming higher high & higher low.

Will it rebound after retest immediate support?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K trigger SELL call.

High potential will retest RM2.73 support level.
If retrace down, immediate support @ MA20 level.

if able breakout RM2.85, another new high record been form.

Let's watch closely for the opportunity...

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