Monday, June 5, 2017

Technical Analysis Jun 2017: SIME (4197)


SIME DARBY BERHAD 

Observation From Chart:

SIME (4197) succeed breakout bolinger band squeeze.

How high will it go?

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

Immediate resistance @ RM9.75 level.
Subsequent resistance @ RM10.00 level.

Immediate support @ RM9.23 level.
Subsequent support @ RM9.17 level.

Let's watch closely.

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