Thursday, July 18, 2019

Technical Analysis July 2019: KAREX (5247)



KAREX BERHAD (5247) 

Observation from Chart: 

KAREX (5247) succeed breakout RM0.58 resistance level & consolidate sideway.

Will it breakout RM0.635 resistance level?

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

Immediate resistance @ RM0.635 level.
Subsequent resistance @ RM0.71 level.

Immediate support @ RM0.58 level.
Subsequent support @ RM0.53 level.

Let's watch closely

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