Friday, June 24, 2016

Technical Analysis June 2016: SKPRES (7155)

SKP RESOURCES BHD (7155) 

Observation from Chart:

SKPRES (7155) forming descending triangle pattern.

Will it rebound @ strong support level, RM1.20 ?

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

Immediate support @ RM1.20 level.
Subsequent support @ RM1.18 level.

Immediate resistance @ RM1.25 level.
Subsequent resistance @ RM1.27 level.

Let's watch closely.

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