Sunday, August 2, 2015

Technical Analysis Aug 2015: BJTOTO (1562)


BERJAYA SPORTS TOTO BERHAD 

Observation from Chart:-

BJTOTO is forming symmetrical triangle pattern.

Will it breakout the resistance?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Immediate support @ RM3.27 level.
Strong support @ RM3.20 level.

Immediate resistance @ RM3.35 level.
Subsequent resistance @ RM3.40 level.

Let's watch closely for the breakout.

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