Oct 31, 2011

Media Prima Technical Buy

media-prima-technical-amalysisTrading Buy – Media Prima Bhd Technical Analysis Chart
Media Prima Bhd (4502) – Trading/Services – RM2.55.
Media’s candles have continued to rise, tracing an uptrend line and climbing above the RM2.50 levels. Its core momentum indicators are already above their respective upper limit lines, but with no signs of weakness as yet, the uptrend is likely to prolong.

The MACD is also strengthening which will aid the candle’s ascend.  Consequently, Media Prima is worth a Trading Buy. The resistance is at RM2.70. The support, meanwhile is at RM2.40.

by Mercury Securities