MALAYSIA STEEL WORKS (KL) BHD
Observation from Chart:-
MASTEEL forming shooting star.
Will it retrace down?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger SELL call.
Due to overbought, high possibility will be consolidate sideway or retest support level.
Immediate support @ RM1.42 level.
Subsequent support @ RM1.28 level.
It's higher high, no immediate resistance
Let's watch closely...
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