Wednesday, March 1, 2017

Technical Analysis Mar 2017: WPRTS (5246)


WESTPORTS HOLDINGS BERHAD

Observation From Chart:-

WPRTS (5246) break the band support level.

How low will it go?

Other indicator:-
MACD trading at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.

Immediate support @ RM3.87 level,
Subsequent support @ RM3.76 level.

Immediate resistance @ RM4.03 level.
Subsequent resistance @ RM4.11 level.

If able breakout upper band resistance which is approx RM4.28 level, then will be more upsize.
If the rebound forming lower high & lower low, then more downsize is coming.

Let's watch closely.

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