Sunday, November 29, 2015

Technical Analysis Nov 2015: PRESBHD (5204)

PRESTARIANG BERHAD 

Observation from Chart:-

PRESBHD is retest RM2.66 resistance level.

Will it breakout & go higher?

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

Immediate resistance @ RM2.66 level.
Subsequent resistance @ RM2.72 level.

If succeed breakout RM2.66 resistance level, higher high is confirm. Uptrend will resume.

Immediate support @ RM2.45.
Subsequent support @ RM2.32

Let's watch closely.

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