Wednesday, September 14, 2016

Technical Analysis Sept 2016: MITRA (9571)


MITRAJAYA HOLDINGS BERHAD

Observation From Chart:

MITRA is forming higher high & higher low.

How about this round, will it break RM1.45 resistance?

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

Immediate resistance @ RM1.45 level.
Subsequent resistance @ RM1.50 level.

Immediate support @ RM1.40 level.
Subsequent support RM1.35 level.

Once breakout RM1.45 resistance, higher high is confirm.
Uptrend will resume.

Fundamental Outlook of MITRA
Source: http://www.mitrajaya.com.my/

Let's watch closely.

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