Saturday, August 9, 2014

Technical Analysis Aug 2014: COASTAL (5071)


Observation From Chart:-

COASTAL succeed breakout RM5.16 resistance level.

How high will it go?

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

Immediate support @ MA20 level, which is around RM5.16 
Subsequent support @ ascending triangle lower line level. 

According announcement on Bursa, EPF have acquisition of 1,671,500 Ordinary Shares on 5-August 2014
However, insider Ng Chin Heng son, Mr Ng San Chen, have disposed 448,600 unit via open market on 6 August 2014.

Technically, it might be go higher because higher high been formed.

Let's watch closely


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