Sunday, September 18, 2016

Technical Analysis Sept 2016: YONGTAI (7066)



YONG TAI BHD (7066) 

Observation from Chart:-

YONGTAI (7066) forming symmetrical triangle pattern.

When will it breakout ?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistsnce @ RM1.12 level.
subsequent resistance @ RM1.14 level.

Immediate support @ RM1.07 level.
Subsequent support @ RM1.04 level.

Let's watch closely.

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