Saturday, October 29, 2016

Technical Analysis Oct 2016: EFORCE (0065)


EXCEL FORCE MSC BHD (0065) 

Observation from Chart:

EFORCE (0065) forming descending triangle pattern.

When will it breakout?

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

Immediate resistance @ RM1.62 level.
Subsequent resistance @ RM1.64 level.

Immediate support @ RM1.50 level.
Subsequent support @ RM1.445 level.

Let's watch closely.

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