Sunday, June 22, 2014

Technical Analysis June 2014: INSAS (3379)

INSAS BHD (3379)

Observation from Chart:-

INSAS retest MA20 support level & form dogi candlestick.

Will it rebound & retest RM1.33 resistance level?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K on BUY call.
Parabolic Stop & Reversal on BUY call.

Immediate resistance @ RM1.33 level.
Once breakout RM1.33, new high record will be formed.

Immediate support @ MA20 / MA50 level
Subsequent support @ RM1.165 level.

Let's watch closely.

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