Tuesday, June 17, 2014

Technical Analysis June 2014: NAIM (5073)

NAIM HOLDINGS BERHAD 

Observation from Chart:-

NAIM forming symmetrical triangle pattern.

How do you think the breakout will happen? Up or down?

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

Immediate resistance @ upper triangle level.
Subsequent resistance @ RM4.30 level.

Immediate support @ MA20 / MA50 level
Subsequent support @ RM3.85 level.

Let's watch closely.

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