MYNEWS HOLDINGS BERHAD
Observation from Chart:
MYNEWS (5275) retrace down from RM1.48 to RM0.91 (-38.4%)
Will it technical rebound?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K at oversold stage, pending trigger BUY call.
Immediate support @ RM0.88 level.
If break strong support, lower low is confirm. Downtrend will resume.
Immediate resistance @ RM1.00 level
Subsequent resistance @ RM1.06 level.
Let's watch closely.
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