Sunday, January 31, 2016

Technical Analysis Jan 2016: COASTAL (5071)

COASTAL CONTRACTS BHD (5071) 

Observation From Chart:-

COASTAL forming lower high & lower low.

How low will it go?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.

Immediate support @ RM1.45 level.

Immediate resistance @ MA20 level, which is around RM1.65
Subsequent resistance @ RM2.00 level.

Let's watch closely

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