Wednesday, February 12, 2014

Technical Analysis Feb 2014: L&G (3174)


Observation from Chart:-

L&G (3174)  retest RM0.48 resistance level again.

How about this round? Will it breakout the resistance? 

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

If retrace down, MA20 would be immediate support.
 Strong support @ RM0.43 level.

Once breakout RM0.48, another new high record been formed, we may drive through the trend.
Do watch out reversal sign & take profit.

Let's watch closely.

1 comment:

  1. What's your view on L&G at 0.57 now? It' seems to be still trading inside an uptrend tunnel. Any comment will be appreciated :)