Technical Analysis Oct 2019: BSTEAD (2771)
BOUSTEAD HOLDINGS BERHAD
Observation From Chart:
BSTEAD forming descending triangle pattern.
Will it breakout strong resistance level & go higher?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary
Immediate resistance @ RM1.08 level.
Subsequent resistance @ RM1.12 level.
Immediate support @ RM1.00 level
If break immediate support, lower low will be confirm. Downtrend will resume.
Let's watch closely.
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