Thursday, March 23, 2017

Technical Analysis Mar 2017: WELLCAL (7231)


WELLCALL HOLDINGS BHD 

Observation from Chart:

WELLCAL forming non stop higher high

Will it retrace down to retest support level?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K already reach overbought stage.

Most probably correction / consolidate will be in place soon.

Immediate support @ RM2.11 level.
Subsequent support @ RM2.05 level.

Let's watch closely...

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