Tuesday, May 6, 2014

Technical Analysis May 2014: MPAY (0156)

MANAGEPAY SYSTEMS BERHAD (0156) 

 Observation from Chart:-

MPAY (0156) retest MA100 support level & rebound.

Will it retest RM0.38 resistance level again?

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

Immediate support @ MA100 level.
Subsequent support @ MA200 level.

Immediate resistance @ RM0.32 level.
Subsequent resistance @ RM0.38 level.

Let's watch closely

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