Monday, March 27, 2017

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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