Technical Analysis Mar 2017: L&G (3174)
LAND & GENERAL BHD (3174)
Observation from Chart:-
L&G (3174) facing strong resistance @ RM0.355 & retrace down
Will it rebound @ RM0.32 support level?
Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastic %K on SELL call itinerary.
Immediate support @ RM0.32 level.
Subsequent support @ RM0.29 level.
Immediate resistance @ RM0.355 level
Subsequent resistance @ RM0.375 level.
Based on pass hisotry, L&G do announced RM0.02 final dividend on July / August
Let's watch closely.
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