Tuesday, February 28, 2017

Technical Analysis Feb 2017: FLBHD (5197)


FOCUS LUMBER BERHAD

Observation from Chart:-

FLBHD (5197) trading within the band.

Will it breakout band?

Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastic %K on SELL call itinerary.

Immediate resistance @ RM1.67 level.
Subsequent resistance @ RM1.73 level.

Immediate support @ RM1.59 level.
Subsequent support @ RM1.55 level.

Let's watch closely.

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