Saturday, January 7, 2017

Technical Analysis Jan 2017: TMCLIFE (0101)


TMC LIFE SCIENCES BERHAD 

Observation from Chart:-

TMCLIFE (0101) forming descending triangle pattern.

Will it breakout resistance & go higher?

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

Immediate resistance @ RM0.96 level.
Subsequent resistance @ RM0.985 level.

Immediate support @ RM0.945 level.
Subsequent support @ RM0.935 level.

Let's watch closely.

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