Saturday, June 14, 2014

Technical Analysis June 2014: DSONIC (5216)

DATASONIC GROUP BERHAD 

Observation from Chart:-

DSONIC (5216) forming ascending triangle pattern.

Will it break RM1.94 strong resistance level?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Immediate support @ MA20 / MA50 level.
Subsequent support @ MA100 level.

Immediate resistance @ RM1.94 level.
Subsequent resistance @ RM2.42 level.

Let's watch closely.

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