Positive Trade.

MKH - The 200 MA

Foresight123
Publish date: Fri, 29 Aug 2014, 12:37 AM
Disclaimer: All data and information provided on this article and blog is for informational purposes only. I make no representations as to completeness of information and will not be held liable for any losses.

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                                                                   Technical Analysis


                                                                   (source:tradesignum.com)

After a huge selloff yesterday, this stock has potential to reverse to the upside on an intraday basis.

The 200 MA level at RM3.35 has never been tested and therefore, looks like a strong support for this counter.
This level is good for a quick intraday scalp trade which must be done with high precision as high risks are at stake.
Should the 200 MA level be broken, a stop loss order must be placed.

Immediate support: RM3.35

Next support : RM 3.08

http://klse.i3investor.com/servlets/stk/6114.jsp

 

Note: Trade at your own risk.

 

 

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