Tuesday, July 8, 2014

Technical Analysis July 2014: KUB (6874)

KUB MALAYSIA BERHAD

Observation from Chart:-

KUB forming higher high & higher low.

How high will it go?

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

If able break through upper uptrend resistance, it will kick off another wave of bull run..
If retrace down, RM0,57 will be immediate support.
Subsequent support @ MA20 level.

Let watch closely.

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