Thursday, May 25, 2017

Technical Analysis May 2017: GPACKET (0082)



GREEN PACKET BERHAD 

Observation from Chart:-

GPACKET (0082) gap down & retest uptrend support level.

Will it rebound or break the trend line support?

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

Immediate support @ trend line, which is around RM0.345 level.
Subsequent support @ RM0.32 level.

Immediate resistance @ RM0.385 level.
Subsequent resistance @ RM0.40 level.

Let's watch closely.

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