Friday, July 21, 2017

Technical Analysis July 2017: FAJAR (7047)


FAJARBARU BUILDER GROUP BHD 

Observation from Chart:-

FAJAR (7047) forming bolinger band squeeze.

Will it breakout & go higher?

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

Immediate resistance @ RM1.00 level.
If breakout RM1.00, higher high is confirm. Uptrend will resume.

Immediate support @ RM0.90 level.
Subsequent support @ RM0.80 level.

Let's watch closely...

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