Monday, May 15, 2017

Technical Analysis May 2017: ECOWLD (8206)


ECO WORLD DEVELOPMENT GROUP BERHAD (8206) 

Observation From Chart:-

ECOWLD forming bolinger band squeeze

When will it breakout ?

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

Immediate resistance @ RM1.59 level.
Subsequent resistance @ RM1.63 level.

Immediate support @ RM1.45 level
Subsequent support @ RM1.40 level.

Let's watch closely

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