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.
Sunday, April 27, 2014
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