Sunday, June 26, 2016

Technical Analysis June 2016: PANTECH (5125)

PANTECH GROUP HOLDINGS BHD 

Observation from Chart:-

PANTECH is super bullish, it able breakout strong resistance on BREXIT vote result.

Meanwhile, world wide market sentiment is so bearish.
Source: http://www.wsj.com/

How high will it go?

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

Immediate support @ RM0.55 level.
Subsequent suport @ RM0.515 level.

Immediate resistance @ RM0.60 level.
Subsequent resistance @ RM0.62 level.

Let's watch closely.

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