Wednesday, June 14, 2017

Technical Analysis Jun 2017: MPAY (0156)



MANAGEPAY SYSTEMS BERHAD (0156) 

Observation from Chart:-

MPAY (0156) forming lower high & lower low.

How low will it go?

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

Immediate support @ RM0.18 level.
Subsequent support @ RM0.15 level.

Immediate resistance @ RM0.22 level.
Subsequent resistance @ RM0.25 level.

Let's watch closely

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