Saturday, June 20, 2015

Technical Analysis June 2015: GASMSIA (5209)

GAS MALAYSIA BERHAD 

Observation From Chart:-

GASMSIA (5209) retest RM2.50 support level again.

How about this round, will it rebound?

Other indicator:-
MACD moving toward negative region, downtrend sign. 
Stochastic %K on SELL call itinerary.

Immediate resistance @ RM2.60 level.
Subsequent resistance @ RM2.70 level.

Immediate support @ RM2.50 level.
Subsequent support @ RM2.40 level.

If break RM2.50 support level, lower low is formed, downtrend is confirm.

Let's watch closely for entry opportunity.

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