Hot Stock Of The Day
29-Jan-18 #HSOTD 
MUDAJYA
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One of the TOP LOSER of the day...
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click for image:

https://www.facebook.com/KLSELION/photos/a.854214074738461.1073741829.848454415314427/911385475687987/?type=3&theater

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we pick up this because this is one of the TOP LOSER in KLSE ( ignore Warrant stock) , 
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lets analyze !!
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it has been very bearish counter since Mid-17... from rm1.60 press until LOW 0.87 ...
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if has been in a consolidation zone within 0.87-1.03....(re-distribution or accumulation?)
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if 0.87 break, it would fall further to 0.80 level..
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1.03-1.165 has been a very tough Resistance zone , it need to break for better bullish momentum...
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Traders may need to wait for better confirmation before entering this stock.. as it is counter trend trade...
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indicator point of view:
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Moving average is Bearish
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MACD slightly bullish
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We are bearish on this counter
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lets seee..
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