Sunday, June 9, 2019

Technical Analysis June 2019: BURSA (1818)


BURSA MALAYSIA BERHAD 

Observation from Chart:-

BURSA forming lower high & lower low.

Will it breakout downtrend resistance level & go higher ?

Other indicator:-
MACD at negative region, downtrend itinerary.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM6.72 level.
Subsequent resistance @ RM6.98 level.

Immediate support @ RM6.21 level.
Subsequent support @ RM5.92 level.

Let's watch closely.

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