Sunday, December 4, 2016

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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