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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