Sunday, May 7, 2017

Technical Analysis May 2017: EFFICEN (0064)


EFFICIENT E-SOLUTIONS BHD 

Observation from Chart:-

EFFICEN rebound at support level?

Will it retest RM0.50 resistance level?

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

Immediate resistance @ RM0.50 level.
Subsequent resistance @ RM0.59 level.

Immediate support @ RM0.33 level.
Subsequent suport @ RM0.30 level.

If able breakout RM0.50 resistance level, higher high is confirm.
Uptrend will resume.

Let's watch closely.

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