Saturday, October 18, 2014

Technical Analysis Oct 2014: SEAL (4286)

SEAL INCORPORATED BHD

Observation from Chart:-

SEAL (4286) have been retrace down 48.3%

How low will it go?

Other indictor:-
MACD trade at negative region, downtrend sign.
Stochastic %K trigger BUY itinerary, pending confirmation.

If technical rebound, immediate resistance @ MA20 level.
Subsequent resistance @  MA50 level

Immediate support would be RM0.74 level.
Subsequent support @ RM0.64 level.

 Let's watch closely for technical rebound

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