Friday, February 22, 2019

Technical Analysis Feb 2019: VSOLAR (0066)


VSOLAR GROUP BERHAD 

Observation from chart:-

VSOLAR (0066) forming higher high & higher low.

How high will it go?

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

Due to overbought, most like will consolidate sideway or retest support level.
Immediate support @ RM0.17 level.
Subsequent support @ RM0.155 level.

Immediate resistance @ RM0.195 level.
If break RM0.195 level, higher is confirm. Uptrend may resume.

Let's watch closely.

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