Friday, May 12, 2017

Technical Analysis May 2017: BPURI (5932)



BINA PURI HOLDINGS BHD 

Observation from Chart:

BPURI (5932) forming symmetrical triangle pattern.

When will it breakout?

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

Immediate support @ RM0.43 level.
Subsequent support @ RM0.40 level.

Immediate resistance @ RM0.48 level
Subsequent resistance @ RM0.495 level.

Let's watch closely.

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