Sunday, September 18, 2016

Technical Analysis Sept 2016: YEELEE (5584)


YEE LEE CORPORATION BHD (5584) 

Observation from Chart:-

YEELEE forming lower high & lower low.

How low will it go?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K at SELL call itinerary.

Immediate support @ RM2.24 level.
Subsequent support @ RM2.19 level.

Immediate resistance @ RM2.28 level.
Subsequent resistance @ RM2.35 level
.
Lower low been confirmed, it's on downtrend.

Let's watch closely.

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