ALLIANCE FINANCIAL GROUP BHD (2488)
Observation from Chart:
AFG consolidate sideway & forming bolinger band squeeze...
Will it break out the band?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on SELL call itinerary.
If break down bolinger band, it still have 1 strong support as per drawn on chart.
Immediate resistance @ RM5.05 level.
Subsequent resistance @ RM5.18 level.
Let's watch closely.
Wednesday, October 1, 2014
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