BURSA MALAYSIA BERHAD
Observation from Chart:-
BURSA keep on retest downtrend resistance level & unable breakout.
Will it retrace down & forming double bottom at RM4.40 level ?
Other indicator:-
MACD at negative region, downtrend itinerary.
Stochastic %K on BUY call itinerary.
Immediate resistance @ RM5.15 level.
Subsequent resistance @ RM5.40 level.
Immediate support @ RM4.40 level.
If break RM4.40 support, lower low is confirm. Downtrend will resume.
Let's watch closely.
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