Tuesday, March 21, 2017

Technical Analysis Mar 2017: WASEONG (5142)


WAH SEONG CORPORATION BERHAD 

Observation from Chart:-

WASEONG (5142) forming symmetrical triangle pattern.

Will it break up or down?

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

Immediate resistance @ RM0.88 level.
Subsequent resistance @ RM0.905 level.

Immediate support @ RM0.86 level.
Subsequent support @ RM0.82 level.

If break up, potential retest RM0.98 level.
If break down, potential retest RM0.74 level.

Let's watch closely.

0 comments:

Post a Comment