Bursa Malaysia Stock Watch
MAS breaking below its horizontal support of RM2.90
kltrader
Publish date: Thu, 07 Jan 2010, 08:12 PM
kltrader
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MAS breaking below its horizontal support of RM2.90: "On December 22 last year, Malaysian Airline System Bhd ('MAS') announced a 1-for-1 Roghts Issue at RM1.60. Shortly thereafter, MAS broke below the psychological RM3.00 level as well as the horizontal support of RM2.90. The next strong horizontal support levels are at RM2.40-50. I see the latter as a good entry level for a trading BUY on this stock.
Chart 1: MAS's daily chart as at Jan 7, 2010_3.50pm (Source: Quickcharts)
Chart 2: MAS's weekly chart as at Jan 7, 2010_3.50pm (Source: Quickcharts)
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Chart 1: MAS's daily chart as at Jan 7, 2010_3.50pm (Source: Quickcharts)
Chart 2: MAS's weekly chart as at Jan 7, 2010_3.50pm (Source: Quickcharts)
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