Tuesday, February 28, 2017

Technical Analysis Feb 2017: HEVEA (5095)


HEVEABOARD BHD 

Observation From Chart:-

HEVEA (5095) is forming ascending triangle pattern.

Will it breakout the resistance?

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

Immediate support @ MA20 level,
Subsequent support @ lower triangle level.

Immediate resistance @ RM1.57 level.
Subsequent resistance @ RM1.63 level.

If able breakout RM1.57, higher high is confirm. Uptrend will resume.

Let's watch closely.

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