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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