Wednesday, February 5, 2014

Technical Analysis Feb 2014: WILLOW (0008)


WILLOWGLEN MSC BHD

Observation from Chart


WILLOW (0008) rebound from RM0.67 support level.

Will it break through MA20 resistance level & go higher?

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

Immediate resistance @ MA20 level, which is RM0.715.
Subsequent resistance @ RM0.73 level.

Immediate support @ MA50 level, which is RM0.68
Subsequent support @ RM0.67 level.

Do watch out upcoming Q4 result which will announce around end of February
Based on pass history, WILLOW do declared handsome dividend, how about this round?

Let's watch closely.

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