Wednesday, October 1, 2014

Technical Analysis Oct 2014: AFG (2488)

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.

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