Friday, June 2, 2017

Technical Analysis Jun 2017: MBSB (1171)



MALAYSIA BUILDING SOCIETY BERHAD 

Observation from Chart:

MBSB forming ascending triangle pattern.

Will it breakout & go higher?

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

Immediate resistance @ RM1.35 level.
Subsequent resistance @ RM1.42 level.

Immediate support @ RM1.27 level
Subsequent support @ RM1.17 level.

If breakout RM1.35 resistance level, higher high is confirm.
Uptrend will resume.

Let's watch closely...

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