Technical Analysis Mar 2016: BJTOTO (1562)
BERJAYA SPORTS TOTO BERHAD
Observation from Chart:-
BJTOTO succeed form "W" pattern.
Will it breakout RM3.34 resistance?
Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K @ overbought region.
Immediate support @ RM3.20 level.
Subsequent support @ RM3.13 level.
Immediate resistance @ RM3.34 level.
Subsequent resistance @ RM3.40 level.
Positive News on BJTOTO:
BCorp and BToto to operate computerised lottery in Vietnam
Source: http://www.thestar.com.my/business/business-news/2016/01/20/bcorp-and-btoto-to-operate-computerised-lottery-in-vietnam/
Let's watch closely for the breakout.
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