Technical Analysis Mar 2014: MPAY (0156)

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MANAGEPAY SYSTEMS BERHAD (0156)

Observation from Chart:-  

MPAY (0156) keep on retest RM0.27 resistance level. 

Will it breakout & go higher?

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

Immediate support @ MA20 level.
Subsequent support @ RM0.245 level.

Immediate resistance @ RM0.27 level.
Once breakout RM0.27, higher high been form, potential kick off another wave of bull run.

Let’s watch closely
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