Tuesday, June 13, 2017

Technical Analysis Jun 2017: FAVCO (7229)



FAVELLE FAVCO BHD 

Observation from Chart:

FAVCO succeed breakout RM2.87 resistance level, higher high is confirmed.

How high will it go?

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

Immediate resistance @ RM2.96 level.
Subsequent resistance @ RM3.15 level.

Immediate support @ RM2.87 level.
Subsequent support @ RM2.79 level.

Let's watch closely...

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