Sunday, April 20, 2014

Technical Analysis Apr 2014: MPAY (0156)

MANAGEPAY SYSTEMS BERHAD (0156)

Observation from Chart:-  

MPAY (0156) retest RM0.34 resistance level. 

Will it breakout & go higher?

Other indicator:- 
MACD trade at positive region, uptrend sign. 
Stochastic %K already trigger BUY call. 

Immediate support @ MA20 level.
Subsequent support @ MA50 level.

Immediate resistance @ RM0.34 level.
Once breakout RM0.34 level, higher high been form, potential kick off another wave of bull run.

Let's watch closely

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