Wednesday, March 8, 2017

Technical Analysis Mar 2017: PRESTAR (9873)


PRESTAR RESOURCES BERHAD

Observation from Chart:-

PRESTAR (9873) forming descending triangle pattern.

Will it rebound at support level & breakout descending line resistance ?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K pending trigger BUY call.

Immediate support @ RM0.855 level.
Subsequent support @ RM0.79 level.

Immediate resistance @ descending triangle line resistance.
Subsequent resistance @ RM0.945 level.

Let's watch closely.

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