Tuesday, June 20, 2017

Technical Analysis Jun 2017: COASTAL (5071)



COASTAL CONTRACTS BHD (5071) 

Observation From Chart:-

COASTAL forming double bottom @ RM1.26 ?

Will it breakout descending triangle resistance level?

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

Immediate support @ RM1.26 level.
If break RM1.26 level, lower low is form. Downtrend will resume.

Immediate resistance @ RM1.40 level.
Subsequent resistance @ RM1.52 level.

Let's watch closely

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