Friday, July 10, 2020

Technical Analysis July 2020: BIMB (5258)


BIMB HOLDINGS BERHAD 

Observation From Chart:-

BIMB forming ascending triangle pattern.

Will it breakout & go higher?

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

Immediate resistance @ RM3.70 level.
Subsequent resistance @ RM3.80 level.

Immediate support @ ascending triangle level.
Subsequent support @ RM3.38 level.

Let's watch closely.

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