Monday, May 29, 2017

Technical Analysis May 2017: SCABLE (5170)



SARAWAK CABLE BERHAD 

Observation from Chart:-

SCABLE forming ascending triangle pattern?

Will it retest support level?

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

Immediate resistance @ RM1.17 level.
Subsequent resistance @ RM1.17 level.

Immediate support @ RM1.07 level.
Subsequent support @ RM1.02 level.

Let's watch closely.

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