Thursday, May 9, 2019

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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