Monday, July 20, 2015

Technical Analysis July 2015: COASTAL (5071)

COASTAL CONTRACTS BHD (5071) 

Observation From Chart:-

COASTAL forming lower high & lower low.

How low will it go?

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

Immediate support @ RM2.42 level.
Subsequent support @ RM2.22 level.

Immediate resistance @ RM2.60 level.
Subsequent resistance @ RM2.71 level.

Let's watch closely

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