Sunday, May 24, 2020

Technical Analysis May 2020: KAREX (5247)


KAREX BERHAD (5247) 

Observation from Chart:

KAREX (5247) retest RM0.585 resistance level.

Will it breakout & go higher?

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

Immediate resistance @ RM0.585 level.
Subsequent resistance @ RM0.65 level.

Immediate support @ RM0.52 level.
Subsequent support @ RM0.48 level.

Let's watch closely

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