Thursday, 28 January 2016

Stocks To Watch on 28/1/2016 - SLP (7248) & MUDA (3883)

Although SLP (7248) is currently trading in downtrend mode, however, it was well supported by the uptrend line in which, in fact it was trading within the triangle pattern.
 SLP Daily Chart

Should SLP is trading with opened above the downtrend line of the triangle pattern in the next trading days (entering Zone 4), a bull momentum could be seen for SLP should the accompanied traded volume is improving significantly.


MUDA (3883) was trading in sideway mode after a correction from the end of bullish on 13/1/2016 and well supported by the MYR2.32 level, in which MUDA is currently trading in a consolidation mode within the triangle pattern.
MUDA Daily Chart

Should MUDA is trading breached above the triangle pattern in the coming trading days, foresee a bull will lead MUDA to climb higher.


Good luck and happy trading!



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