Sunday, February 16, 2020

Technical Analysis Feb 2020: OMESTI (9008)


OMESTI BERHAD

Observation from Chart:

OMESTI (9008) succeed breakout bolinger band squeeze.

How high will it go?

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

Immediate resistance @ RM0.60 level.
If able breakout, higher high is confirm. Uptrend can continue.

Immediate support @ RM0.57 level.
Subsequent support @ RM0.525 level.

Let's watch closely.

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