Sunday, November 8, 2015

Technical Analysis Nov 2015: MITRA (9571)

MITRAJAYA HOLDINGS BERHAD 

Observation From Chart:

MITRA retest MA20 support level.

How about this round, will it rebound?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM1.30 level.
Immediate support @ RM1.19 level.
Subsequent support RM1.09 level.

Once breakout RM1.30 resistance, higher high is confirm. Uptrend will resume.

Let watch closely.

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