Friday, August 7, 2015

Technical Analysis Aug 2015: SUNWAY (5211)

SUNWAY HOLDING BERHAD 

Observation from chart:-

SUNWAY forming bolinger band squeeze between RM3.36 & RM3.63 level.

When will it breakout?

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

If able breakout RM3.63 immediate resistance level, next resistance @ RM3.73 level.
If retrace down, strong support @ RM3.36 level, subsequent support @ RM3.25 level.

Let's watch closely for opportunity.

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