Thursday, November 6, 2014

Technical Analysis Nov 2014: COASTAL (5071)


COASTAL CONTRACTS BHD (5071) 

Observation From Chart:-

COASTAL forming lower high.

Will it forming lower low?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K trigger SELL call, pending confirmation.

Immediate support @ RM3.50 level.
Subsequent support @ RM3.15 level.

Immediate resistance @ MA20 level.
Subsequent resistance @ RM4.05 level.

Let's watch closely

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