Wednesday, July 24, 2019

Technical Analysis July 2019: MUDAJYA (5085)



MUDAJAYA GROUP BERHAD 

Observation from Chart:-

MUDAJAYA forming descending triangle pattern. 

Will it breakout strong resistance level?

Other indicator:-
MACD trade @ nominal region.
Stochastic %K pending trigger BUY call.

Immediate support @ RM0.285 level.
Subsequent support @ RM0.265 level.

Immediate resistance @ RM0.325 level.
Subsequent resistance @ RM0.34 level.

Let's watch closely.

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