Friday, September 2, 2016

Technical Analysis Sept 2016: KAREX (5247)

KAREX BERHAD (5247) 

Observation from Chart:

KAREX (5247) forming triangle pattern.

It manage retest support level & rebound.

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

Immediate resistance @ RM2.45 level.
Subsequent resistance @ RM2.60 level.

Immediate support @ RM2.30 level.
Subsequent support @ triangle support level.

ZIKA news:-
To Prevent Zika, Huge Condom Billboards Going Up in South Florida Source: http://www.browardpalmbeach.com/

Obama’s Zika Advice to America: Use Condoms Properly
Source: http://www.cnsnews.com/

Zika: Condom and gloves sales set to rise
Source: http://www.freemalaysiatoday.com/

Let's watch closely

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