Saturday, August 22, 2015

Technical Analysis Aug 2015: DSONIC (5216)

DATASONIC GROUP BERHAD 

Observation from Chart:-

DSONIC (5216) forming descending triangle pattern?

Will it retrace down retest RM1.01 level ?

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

Immediate support @ RM1.12 level.
Subsequent support @ RM1.01 level. (Base line of descending triangle)

Immediate resistance @ descending triangle line.
If able breakout, subsequent resistance @ RM1.40 level.

Let's watch closely.

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