Saturday, July 26, 2014

Technical Analysis July 2014: SCOMI (7158)

SCOMI GROUP BERHAD

Observation from Chart:-

SCOMI succeed breakout MA20 resistance level.

How high will it go?

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

Immediate resistance @ RM0.42 level
Subsequent resistance @ RM0.43 level

If retrace down or consolidate side way,
immediate support @ MA200 which is RM0.405 level.
subsequent support @ MA20, which is RM0.40 level.

Let watch closely...

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