Tuesday, September 6, 2016

Technical Analysis Sept 2016: MYEG (0138)


Observation From Chart:-

MYEG succeed breakout RM2.14 resistance level.

Will it retest & breakout next resistance RM2.34 level ?

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

Immediate support @ RM2.14 level.
Subsequent support @ RM2.10 level.

Immediate resistance @ RM2.25 level.
Subsequent resistance @ RM2.30 level.

Positive news on MYEG:-
29 August 2016 , MYEG proposed one (1) Bonus Share for every two (2) existing MYEG Shares held on an entitlement date to be determined later ("Proposed Bonus Issue").

For more info, pls refer http://www.bursamalaysia.com/

Based on pass history, bonus issue held on Oct / Dec.

Upcoming budget 2017 & upcoming dividend also potential boost the share price..

Let's watch closely.


Post a Comment