Friday, May 29, 2020

Technical Analysis May 2020: DELEUM (5132)



DELEUM BERHAD 

Observation from Chart:-

DELEUM forming higher high & higher low.

How high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K pending trigger BUY call.

Immediate resistance @ RM0.80 level.
Subsequent resistance @ RM0.85 level.

Immediate support @ RM0.67 level.
Subsequent support @ RM0.61 level.

Let's watch closely

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