Technical Analysis May 2019: HENGYUAN (4324)

HENGYUAN REFINING COMPANY BERHAD 

Observation from Chart:-

HENGYUAN (4324) forming bolinger band within RM6.32 & RM5.68 range.

Will it breakout & go higher?

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

Immediate resistance @ RM6.32 level.
Subsequent resistance @ RM7.09 level.

Immediate support @ RM5.68 level.
Subsequent support @ RM5.52 level.

Let's watch closely.

Technical Analysis May 2019: PLS (9695)

PLS PLANTATIONS BERHAD 

Observation from Chart:-

PLS retrace down & retest RM0.98 support level.

Will it rebound?

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

Immediate resistance @ RM1.08 level.
Subsequent resistance @ RM1.30 level.

Immediate support @ RM0.98 level.
Subsequent support @ RM0.94 level.

Let's watch closely.