Thursday, April 2, 2020

Technical Analysis Apr 2020: KAREX (5247)


KAREX BERHAD (5247) 

Observation from Chart:

KAREX (5247) retest RM0.395 support level.

Will it rebound?

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

Immediate resistance @ RM0.58 level.
Subsequent resistance @ RM0.42 level.

Immediate support @ RM0.36 level.
Subsequent support @ RM0.26 level.

Recent news on condoms
Source: CNA
Source: Bloomberg

Let's watch closely

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