Observation from Chart:-
BJCORP forming two kind of pattern.
1. Period of 1 Quarter chart: descending triangle pattern.
2. Period of 1 year chart: bolinger band squeeze pattern (resistance @ RM0.44, support @ RM0.34)
Will it breakout the descending triangle resistance?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on SELL call itinerary.
Immediate resistance @ RM0.37 which is descending triangle line
Subsequent resistance @ RM0.385 level.
Immediate support @ MA20 which is RM0.355 level.
Subsequent support @ RM0.35 level.
From fundamental point of view,
BJCORP succeed launch lottery at Vietnam
Source: http://www.nst.com.my/
Approx next 4months, Digit game will be launch
Source: http://www.chinapress.com.my/
Let's watch closely BJCORP next few quarter report card.
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