Sunday, May 24, 2015

Technical Analysis May 2015: HEVEA (5095)

HEVEABOARD BHD 

Observation From Chart:-

HEVEA (5095) is forming ascending triangle pattern.

Will it breakout the resistance?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

Immediate support is MA20/MA50 level,
Subsequent support is lower triangle level.

Immediate resistance, RM3.17 level.
Once it breakout, will be new high record again.

Let's watch closely.

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