Friday, April 7, 2017

Technical Analysis Apr 2017: AEM (7146)



AE MULTI HOLDINGS BERHAD 

Observation from Chart:-

AEM (7146) forming "U" pattern.

Will it breakout resistance & go higher?

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

Immediate resistance @ RM0.19 level.
Subsequent resistance @ RM0.20 level.

Immediate support @ RM0.175 level.
Subsequent support @ RM0.17 level.

Let's watch closely.

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