Friday, June 16, 2017

Technical Analysis Jun 2017: GADANG (9261)



GADANG HOLDINGS BHD (9261) 

Observation from Chart:-

GADANG (9261) forming bolinger band squeeze.

When will it breakout?

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

Immediate support @ RM1.24 level.
Subsequent support @ RM1.17 level.

Immediate resistance @ RM1.30 level.
Subsequent resistance @ RM1.34 level. Once break this resistance, no major resistance.

Let's watch closely

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