ZHULIAN CORPORATION BERHAD
Observation from Chart:
ZHULIAN is forming descending triangle pattern.
Will it rebound from strong support, RM2.33 level?
Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K on BUY call position.
Immediate support @ RM2.33 level.
Subsequent support @ RM2.00 psychology level.
Immediate resistance @ descending triangle level.
Subsequent resistance @ RM2.49 level.
Let's watch closely technical rebound.
Saturday, October 11, 2014
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