Monday, July 1, 2013

Technical Analysis July 2013: YEELEE (5584)

YEE LEE CORPORATION BHD (5584)

Observation from Chart:-

YEELEE succeed break through RM1.23 resistance level.
How high will it go?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K at BUY call itinerary.

Immediate support @ RM1.23 level.
Subsequent support @ MA20 level.

Higher high been confirmed, it's on uptrend.
It would be an opportunity, if able form a retrace down retest support level.

Let's watch closely.

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