Sunday, April 27, 2014

Technical Analysis Apr 2014: MUDAJYA (5085)

MUDAJAYA GROUP BERHAD 

Observation from Chart:-

MUDAJAYA retrace down from RM2.82 high & retest RM2.59 support level.

Will it rebound from RM2.59 strong support level?

Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastic %K on SELL call itinerary.

Immediate support @ RM2.59 level.
Subsequent support @ RM2.42 level.

Immediate resistance @ RM2.66 level.
Subsequent resistance @ MA50 / MA200 level.

Let's watch closely.

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