Sunday, August 20, 2017

Technical Analysis Aug 2017: SIGGAS (5181)



SIG GASES BERHAD

Observation from Chart:-

SIGGAS (5181) retrace down from RM1.40 high.

Will it retest uptrend support level?

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

Immediate support @ RM1.05 level.
Subsequent support @ RM1.00 level.

Immediate resistance @ RM1.40 level.
If able breakout RM1.40, higher high is confirm. Uptrend will resume.

Let's watch closely.

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