Saturday, July 27, 2019

Technical Analysis July 2019: TGUAN (7034)



THONG GUAN INDUSTRIES BERHAD 

Observation:

TGUAN (7034) forming higher high & higher low.

Will it swing toward strong resistance level, RM2.85 ?

Other indicator:-
MACD trade at nominal region
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistance @ RM2.65 level
Subsequent resistance @ RM2.70 level

Immediate support @ RM2.52 level
Subsequent support @ RM2.50 level

Let's watch closely.

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