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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