Tuesday, March 28, 2017

Technical Analysis Mar 2017: ANZO (9342)


ANZO HOLDINGS BERHAD 

Observation from Chart:-

ANZO (9342) breakout bolinger band squeeze & bull run 100% ++

Will it take a rest & retrace down?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K at overbought stage.

Immediate support @ RM0.45 level.
Subsequent support @ RM0.37 level.

Immediate resistance @ RM0.625 level

Insider acquisition of shares via open market, from Dec 2016 till Jan 2017.

For more info, pls refer Bursa Malaysia

Let's watch closely.

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