Wednesday, August 9, 2017

Technical Analysis Aug 2017: WCEHB (3565)



WCE HOLDINGS BERHAD 

Observation from Chart:-

WCEHB (3565) forming descending triangle pattern.

Will rebound @ strong support level?

Other indicator:-
MACD trade at negative region, downtrend itinerary.
Stochastic %K trigger BUY call, pending confirmation.

Immediate support @ RM1.35 level.
Subsequent support @ RM1.27 level.

Immediate resistance @ RM1.40 level
Subsequent resistance @ RM1.50 level.

Let's watch closely.

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