Technical Analysis Sept 2016: BURSA (1818)
BURSA MALAYSIA BERHAD
Observation from Chart:-
BURSA rebound at support level.
Will it retest the resistance level ?
Other indicator:-
MACD at negative region, it is downtrend itinerary.
Stochastic %K on BUY call itinerary.
Immediate resistance @ RM9.00 level.
Subsequent resistance @ RM9.30 level.
Immediate support @ RM8.70 level.
Subsequent support @ RM8.65 level.
If market sentiment remain bullish momentum, high potential BURSA will retest uptrend resistance level.
Let's watch closely.
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