Saturday, June 11, 2016

Technical Analysis June 2016: 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 @ RM1.36 level.
Subsequent resistance @ RM1.39 level.

Immediate support @ RM1.33 level.
Subsequent support RM1.29 level.

Once breakout RM1.39 resistance, higher high is confirm.
Uptrend will resume.

Let watch closely.

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