Saturday, November 5, 2016

Technical Analysis Nov 2016: MYEG (0138)


Observation From Chart:-

MYEG forming higher high & higher low.

Will it rebound @ support level ?

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

Immediate support @ RM2.26 level.
Subsequent support @ RM2.22 level.

Immediate resistance @ RM2.40 level.
Subsequent resistance @ RM2.51 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
Based on pass history, bonus issue held on Oct / Dec.
Today already November so perhaps Bonus issue will be fall on coming December.

Let's watch closely.


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