MPHB Technical – Short Term Trading Buy

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MPHB made a major weekly Wave 4 low at RM2.14 (Sep 2011) with grossly oversold and bullish signals. Due to its positive weekly chart signals, the indicators are pointing firmly upwards to a move towards the resistance areas indicated and upside target areas of MYR3.51, MYR3.89 and MYR4.40 in the short to longer term. It is in a triple time frame uptrend, with stop-loss at MYR2.71. MPHB Weekly
Bursa Malaysia Stock Market Analysis Digest

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