BERMAZ AUTO BERHAD
Observation from Chart:-
BAUTO forming descending triangle pattern.
Will it rebound from support level?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on SELL call itinerary.
Immediate resistance @ RM2.07 level.
Subsequent resistance @ RM2.12 level.
Immediate support @ RM2.01 level.
Subsequent support @ RM1.98 level.
From historical, BAUTO every quarter also distribute dividend
.
Let's watch closely.
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