Tuesday, July 19, 2016

Technical Analysis July 2016: BJCORP (3395)


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.


Post a Comment