Disclaimer

Disclaimer :We shall not be liable for any direct or consequential loss arising from any use of material contained in this publication. The information contained in this report is based on data obtained from sources believed to be reliable and opinions formed are from belief of the individual author. The Publication should not form basis to be relied upon in decision making. Any future outlook,forecasts or any future interpretation are in no event guaranteed and are merely opinions and views of the author.

Friday, 8 November 2013

MAA (1198)

maa group berhad                                                                                        Shahrizul nazli 

 Share Analysis
Uptrend line is still intact indicates that medium term uptrend is bullish but short term trend is bearish as prices are making lower low and lower high due to its correction prior to its previous upside 


 move. Volume diminished complementing the decrease of the prices. RSI and MACD are hovering at oversold territory indicates that market are almost bottom. So as conclusion, technical rebound is about to happen.

Trading Strategies
Traders can start collect at market bottom before the price rebound. Set resistance level as target and stop loss below support level.

Price Projection
Short Term               - Upside target RM 0.665 (Resistance level)
                                - Stop loss RM 0.59 (Slightly below support level)

Medium Term           - Upside target RM 0.70 (Psychological resistance level)
                                - Stop loss RM 0.59 (Slightly below support level)
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