Tuesday, December 17, 2013

Technical Analysis Dec 2013: WILLOW (0008)

WILLOWGLEN MSC BHD

Observation from Chart:

WILLOW (0008) forming descending triangle pattern.

Will it rebound from RM0.65 strong support level ?

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

If able breakout descending triangle, it might resume another wave of bull run.
Immediate resistance @ upper triangle line.
Subsequent resistance @ RM0.725 level.

Immediate support @ RM0.65 level.
Subsequent support @ MA50 / MA100 level.

Let's watch closely.

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