Technical Analysis Oct 2012: BJTOTO (1562)

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BERJAYA SPORTS TOTO BERHAD

Observation from Chart:-

BJTOTO rebound from RM4.38 support level.

Will it break through RM4.47 resistance level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K already trigger BUY call.

High probably it will retest RM4.47 level.
If the bull strong enough, it might break through & formed higher high.
If retrace down, immediate support @ MA20 level.

Do watch out coming quarter result, which will announce around mid of Nov.
Perhaps the result will kick off the bull run.

Let’s watch closely

Stock Talk

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