Wednesday, July 24, 2019

Technical Analysis July 2019: MAHSING (8583)


MAH SING GROUP BERHAD 

Observation from Chart:-

MAHSING forming descending triangle pattern with strong support @ RM0.90 level.

Will it breakout strong resistance level?

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

Immediate resistance @ RM0.925 level.
Subsequent resistance @ RM0.945 level.

Immediate support @ RM0.90 level
If break immediate support, lower low is confirmed, downtrend will resume.

Let's watch closely...

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