Tuesday, April 25, 2017

Technical Analysis Apr 2017: BURSA (1818)


BURSA MALAYSIA BERHAD 

Observation from Chart:-

BURSA retest RM9.97 resistance level.

Will it breakout & go higher ?

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

Immediate resistance @ RM9.97 level.
Subsequent resistance @ RM10.90 level.

Immediate support @ RM9.43 level.
Subsequent support @ RM9.25 level.

If market sentiment remain bullish momentum, high potential BURSA will breakout resistance level. 

Let's watch closely.

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