MY E.G. SERVICES BHD
Chart wise : A pull back seen before resuming ………
Having found support at RM0.415, MYEG had on 27/4/2010 tested immediate high of RM0.46 (1/3/2010) before settled at RM0.45.
Myeg chart : click to enlarge
Next Potential Upside Target : An upside violation of RM0.46 level would see MYEG to trade upward with next upside target at RM0.50. However, a pull back was seen possible before the stock making its next attempt to go upward.
Entry Level : Risk taking traders may establish buying position at RM0.435.
Stop Loss Level : Once a buying position is being established, a stop loss level at RM0.42 level must be placed for risk capital protection purpose followed by trailing stop loss strategy.
by Mercury Securities
