Sunday, January 8, 2017

Technical Analysis Jan 2017: TADMAX (4022)


TADMAX RESOURCES BERHAD 

Observation from Chart:-

TADMAX (4022) succeed breakout symmetrical triangle resistance.

How high will it go?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K still on SELL call itinerary.

Immediate resistance @ RM0.40 level.
Subsequent resistance @ RM0.415 level.

Immediate support @ RM0.39 level.
Subsequent support @ RM0.375 level.

Let's watch closely.

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