Sunday, August 10, 2014

Technical Analysis Aug 2014: MAS (3786)

MALAYSIAN AIRLINE SYSTEM BERHAD

Observation from Chart:

MAS forming ascending triangle pattern.

Will it breakout RM0.25 resistance level?

Other indicator:-
MACD at positivie region, uptrend sign.
Stochastics %K indicator, on BUY call itinerary.

Khazanah to cough out 1.4b ringgit to privatise MAS, offers 27 sen/shr
Source: http://www.businesstimes.com.sg/breaking-news/asia/khazanah-offers-27-sen-share-mas-20140808

As the privatize news & offer price been announced, most likely it will be trade around the offer price range.

Let's watch closely...

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