Saturday, August 8, 2015

Technical Analysis Aug 2015: KSL (5038)

KSL HOLDINGS BERHAD 

Observation from chart:-

KSL forming lower high & lower low.

How low will it go?

Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K @ oversold stage, pending trigger BUY call.

Immediate support @ RM1.50 level.
Subsequent support @ RM1.41 level.

Immediate resistance @ RM1.58 level.
Subsequent resistance @ RM1.69 level.

Let watch closely for technical rebound.

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