Sunday, September 28, 2014

Technical Analysis Sept 2014: WILLOW (0008)

WILLOWGLEN MSC BHD 

Observation from Chart:

WILLOW (0008) forming ascending triangle pattern.

Will it break through the resistance, RM0.925 level ?

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

Immediate resistance @ MA20 level.
Subsequent resistance @ RM0.925 level.

Immediate support @ ascending triangle line level.
Subsequent support @ MA50 level.

If able breakout RM0.925 resistance, another new high record been form & bull run might be resume.

Let's watch closely.

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