Technical Analysis Jan 2015: MUDAJYA (5085)
Observation from Chart:-
MUDAJAYA retrace down from RM2.40 to RM1.40 level (-41.7%).
Will it forming double bottom @ RM1.40 level?
Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K on BUY call itinerary.
Immediate support @ RM1.44 level.
Subsequent support @ RM1.40 level.
Immediate resistance @ RM1.50 level.
Subsequent resistance @ RM.53 level.
Let's watch closely.
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