Monday, January 20, 2020

Technical Analysis Jan 2020: SCABLE (5170)



SARAWAK CABLE BERHAD 

Observation from Chart:-

SCABLE forming ascending triangle pattern.

Will it breakout & retest RM0.44 resistance level?

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

Immediate resistance @ RM0.38 level.
Subsequent resistance @ RM0.44 level.

Immediate support @ RM0.30 level.
Subsequent support @ RM0.28 level.

Let's watch closely.

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