Observation from Chart:-
BJTOTO is forming double bottom @ RM3.37 level ?
Will it breakout RM3.70 level to form "W" sign?
Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K on BUY call itinerary.
If retrace down, immediate support @ RM3.37 level.
Strong support @ RM3.00 level.
Insider start acquire the share & perform share buy back in huge volume.
For more info, pls refer BursaMalaysia website.
Double bottom @ RM3.37 seem solid.
Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level.
Strong resistance @ RM3.70 level, which is "W" level.
Let's watch closely
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