MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD
Observation from Chart:-
MHB rebound from RM0.90 to RM1.24 level.
Will it retrace down retest support level & go 2nd wave?
Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K @ overbought stage, pending SELL call.
Immediate support @ RM1.15 level which is MA100 level.
Subsequent support @ RM1.06 level which is MA50 level.
Immediate resistance @ RM1.18 level
Subsequent resistance @ RM1.28 which is MA200 level.
Due to overbought, high possibility will retrace down (or side way consolidate) before 2nd wave uptrend.
Let watch closely.
Observation from Chart:-
MHB rebound from RM0.90 to RM1.24 level.
Will it retrace down retest support level & go 2nd wave?
Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K @ overbought stage, pending SELL call.
Immediate support @ RM1.15 level which is MA100 level.
Subsequent support @ RM1.06 level which is MA50 level.
Immediate resistance @ RM1.18 level
Subsequent resistance @ RM1.28 which is MA200 level.
Due to overbought, high possibility will retrace down (or side way consolidate) before 2nd wave uptrend.
Let watch closely.