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.
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