Wednesday, April 5, 2017

Technical Analysis Apr 2017: WEIDA (7111)


WEIDA (M) BHD 

Observation from Chart:-

WEIDA forming symmetrical triangle pattern?

When will it breakout?

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

Immediate resistance @ RM1.89 level.
Subsequent resistance @ RM1.91 level.

Immediate support @ RM1.86 level.
Subsequent support @ RM1.83 level.

Let watch closely.

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