Saturday, February 11, 2017

Technical Analysis Feb 2017: PUNCAK (6807)


PUNCAK NIAGA HOLDINGS BHD

Observation from Chart:-

PUNCAK (6807) is forming higher high & higher low. 

How high will it go?

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

Immediate resistance @ RM1.045 level.
Subsequent resistance @ RM1.09 level.

Immediate support @ RM1.00 level.
Strong support @ RM0.94 level.

Let's watch closely.

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