Friday, July 25, 2014

Technical Analysis July 2014: GLOMAC (5020)

Friday, July 25, 2014 – by Admin 2
GLOMAC BERHAD

Observation from Chart:-

GLOMAC succeed breakout RM1.14 resistance level.
Will it break RM1.17 resistance?

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

Immediate resistance @ RM1.17 level
Subsequent resistance @ RM1.21 level

If retrace down or consolidate side way,
immediate support @ RM4.45 level.
subsequent support @ MA200, which is RM1.10 level.

Let watch closely...

2 comments:

  1. davorsJuly 31, 2014 at 10:31 PM

    immediate support @ RM4.45 leve?
    i think you mean 1.12.... :)

    ReplyDelete
  2. AdminAugust 5, 2014 at 6:53 AM

    Thanks Davors pointing the typo error.

    ReplyDelete

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