Thursday, March 2, 2017

Technical Analysis Mar 2017: VITROX (0097)


VITROX CORPORATION BERHAD 

Observation From Chart:-

VITROX succeed breakout triangle resistance.

How high will it go ?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger BUY call again.

Immediate support @ RM4.00 level.
Subsequent support @ RM3.95 level.

No immediate resistance,.
Higher high is confirmed, uptrend will resume.
Due to overbought stage, potential pull back retest support or sideway consolidate soon.

Let's watch closely.

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