Technical Analysis Dec 2016: MEXTER (0075)
MEXTER TECHNOLOGY BHD (0075)
Observation from Chart:-
MEXTER forming descending triangle pattern.
Will it retest RM0.21 support level?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.
Immediate resistance @ RM0.25 level.
Subsequent resistance @ RM0.265 level.
Immediate support @ RM0.21 level.
Subsequent support @ RM0.19 level.
If break the strong support, RM0.21 level, lower low is formed.
Potential facing high selling pressure.
Let's watch closely.
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