Wednesday, December 25, 2019

Technical Analysis Dec 2019: KAREX (5247)



KAREX BERHAD (5247) 

Observation from Chart:

KAREX (5247) succeed breakout RM0.52 resistance level.

Will it forming "W" pattern?

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

Immediate resistance @ RM0.58 level.
Subsequent resistance @ RM0.61 level.

Immediate support @ RM0.52 level.
Subsequent support @ RM0.49 level.

Let's watch closely

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