Wednesday, February 15, 2017

Technical Analysis Feb 2017: EG (8907)


Observation from Chart:-

EG (8907) succeed breakout bolinger band squeeze

How high will it go?

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

Immediate resistance @ RM1.26 level.
Subsequent resistance @ RM1.36 level.

Immediate support @ RM0.91 level.
Subsequent support @ RM0.815 level.

Last round, EG breakout bolinger band squeeze, from RM0.615 to RM1.26 high (Total 106.6% in 3month duration)

If this round, EG also hit 100%, the share price will go to RM1.82 level
If this round EG hit 50%, the share price will go to RM1.36 level.

This projection is purely based on Technical Analysis, pls refer our DISCLAIMER.

Let's watch closely.


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