Saturday, December 8, 2018

Technical Analysis Dec 2018: YONGTAI (7066)


YONG TAI BERHAD 

Observation from chart:-

YONGTAI trading from RM1.52 high to RM0.32 low. (-77.9%)

Will it rebound & breakout downtrend resistance level?

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

Immediate support @ RM0.32 level.
If break RM0.32 support, lower low will be form, downtrend will resume.

Immediate resistance @ RM0.435 level.
Subsequent resistance @ RM0.50 level.

Let's watch closely for opportunity.

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