Sunday, April 3, 2016

Technical Analysis Apr 2016: KIMLUN (5171)

KIMLUN CORPORATION BERHAD 

Observation from Chart:-

KIMLUN retest RM1.83 resistant level again.

Will it break through? Or retrace down?

Other indicator:-
MACD still trade at positive region, uptrend sign.
Stochastic %K trigger SELL call, pending confirmation.

High potential will consolidate side way or retrace down.
If retrace down, RM1.75 would be immediate support level.
Subsequent support @ RM1.65 level.

Immediate resistance @ RM1.83 level
Subsequent resistance @ RM2.00 psychology resistance level.

Let's watch closely...

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