Tuesday, March 14, 2017

Technical Analysis Mar 2017: BJTOTO (1562)


BERJAYA SPORTS TOTO BERHAD 

Observation from Chart:-

BJTOTO forming bolinger band squeeze

When will it breakout ?

Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K @ on buy call itinerary.

Immediate support @ RM3.00 level.
Subsequent support @ RM3.05 level.

Immediate resistance @ RM2.88 level.
Subsequent resistance @ RM2.80 level.

Upcoming quarter result & dividend will be announce soon.

Let's watch closely.

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