Sunday, December 7, 2014

Technical Analysis Dec 2014: EFFICEN (0064)

EFFICIENT E-SOLUTIONS BHD

Observation from Chart:-

EFFICEN consolidate sideway?

Will it retrace down to RM0.25 support level?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on oversold stage, pending trigger BUY call.

Immediate support @ RM0.25 level.
Subsequent suport @ RM0.225 level.

Immediate resistance @ RM0.295 level, which is MA100.
Subsequent resistance @ RM0.33 level, which is MA20 / MA50.

Let's watch closely.

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