Sunday, September 11, 2016

Technical Analysis Sept 2016: PRESBHD (5204)


PRESTARIANG BERHAD

Observation from Chart:-

PRESBHD rebound from uptrend support level.

Will it retest the uptrend resistance level which is approx RM3.60 level ?

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

Immediate resistance @ RM2.24 level.
Subsequent resistance @ RM2.33 level.

Immediate support @ RM2.14 level.
Subsequent support @ RM2.08 level.

Let's watch closely.

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