Sunday, August 24, 2014

Technical Analysis Aug 2014: MMCCORP (2194)

MMC CORPORATION BERHAD 

Observation From Chart:-

MMCCORP retest RM2.33 support level. 

Will it rebound?

Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K still on SELL call.

It might be consolidate sideway.
If rebound, immediate resistance @ MA20 which is RM2.45 level.
Subsequent resistance @ MA50 which is RM2.51 level.

Immediate support @ RM2.33
Subsequent support @ RM2.25

Let's watch closely.

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