Observation from Chart:-
YTLPOWER retest RM1.50 support level again.
It's good entry opportunity? How high will it rebound?
Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K at oversold stage, pending trigger BUY call.
Immediate resistance @ MA20 level
Subsequent resistance @ MA50 level.
If rebound, it will retest immediate resistance.
If the market sentiment bullish, it might go higher.
However, if break down RM1.50 support, it might facing high selling preasure.
Let's watch closely.
0 comments:
Post a Comment