Technical Analysis July 2016: MEXTER (0075)
MEXTER TECHNOLOGY BHD (0075)
Observation from Chart:-
MEXTER forming ascending triangle pattern.
How about this round, will it breakout & go higher?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.
Immediate resistance @ RM0.21 level.
Subsequent resistance @ RM0.23 level.
Immediate support @ RM0.19 level.
Subsequent support @ RM0.175 level.
If able breakout the strong resistance, higher high is formed.
Potential kick off another wave of bull run.
Let's watch closely.
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