Friday, February 22, 2019

Technical Analysis Feb 2019: MAGNUM (3859)



MAGNUM BERHAD 

Observation from Chart:-

MAGNUM retest RM2.34 resistance level.

Will it breakout & go higher?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary. 

Immediate support @ RM2.25 level.
Subsequent support @ RM2.18 level.

Immediate resistance @ RM2.34 level
Subsequent resistance @ RM2.50 level.

Let's watch closely...

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