Saturday, December 23, 2017

Technical Analysis Dec 2017: KAB (0193)



KEJURUTERAAN ASASTERA BERHAD 

Observation from Chart:-

KAB (0193) forming "U" pattern?

Will it breakout resistance line & go higher?

Other indicator:-
No MACD indicator due to newly listed counter.
Stochastic %K on BUY call itinerary.

Immediate support @ RM0.285 level.
Subsequent support @ RM0.265 level.

Immediate resistance @ RM0.33 level.
If breakout, higher high is confirm. Uptrend is resume.

Let's watch closely.

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