Wednesday, January 8, 2020

Technical Analysis Jan 2020: FPI (9172)


FORMOSA PROSONIC INDUSTRIES BERHAD 

Observation from Chart:

FPI (9172) retest strong resistance RM1.68 level.

Will it breakout & go higher?

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

Immediate resistance @ RM1.68 level.
Subsequent resistance @ RM1.75 level.

Immediate support @ RM1.62 level.
Subsequent support @ RM1.53 level.

Let's watch closely.

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