(Disclaimer: This is not a buy or sell call. Stock watch only serves as updates on selected stocks)
MITRA has been trending upwards slowly
and firmly since Jan 2016. Based on the chart, both MACD and RSI are in
extreme region, but its fundamental and price movement suggest a steady
uptrend is intact. According to past price movement, its price is likely
to retrace and touches 20MA before continues moving up.
Readers are advised to monitor MITRA price movement these few days. Potential entry can be found between RM1.29~RM1.32.
MYEG has succeeded to rebound from RM1.72 suport and broke RM1.89
resistance today. Based on the chart, MACD has just crossed and RSI is
gaining momentum.
Readers are advised to monitor MYEG price
movement. Potential entry can be found between RM1.88~RM1.93 with
immediate support at RM1.89 and resistance at RM2.02.
VS has broken up its 200MA today with high volume. This potential
reversal will become firmer if 20MA manages to cross 200MA in near term.
Based on the chart, both MACD and RSI are in extreme region. This
suggests VS price may consolidate around 200MA and continues it uptrend
after 20MA crosses 200MA.
Readers are advised to monitor VS price movement these few days. Potential entry can be found between RM1.32~RM1.35.
http://www.investforlife.com.my/stock-watch-mitra-myeg-vs/
