Thursday, October 27, 2016

Technical Analysis Oct 2016: BHS (7241)


BHS INDUSTRIES BHD (7241) 

Observation from Chart:

BHS succeed breakout bolinger band squeeze.

How high will it go?

Other indicator:-

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

Immediate resistance @ RM0.46 level.
Subsequent resistance @ RM0.49 level.

Immediate support @ RM0.44 level.
Subsequent support @ RM0.42 level.

Let's watch closely.

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