Sunday, May 3, 2015

Technical Analysis May 2015: KINSTEL (5060)

KINSTEEL BERHAD

Observation from Chart:-

KINSTEEL succeed breakout descending triangle.

How high will it go?

Other indicator:-
MACD indicator heading toward positive region, uptrend sign.
Stochastic %K trigger BUY call.

Immediate resistance @ RM0.165 level.
Subsequent resistance @ MA200 level, which is around RM0.175

Immediate support @ MA100 support level, which is around RM0.145
Subsequent support @ MA50 support level, which is around RM0.135

Let watch closely...

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