Sunday, August 30, 2020

Technical Analysis Aug 2020: Banyan Tree (SGX: B58)


BANYAN TREE HOLDINGS LIMITED 

Observation from Chart: 

Banyan Tree (B58) is consolidate sideway. 

Will it breakout downtrend resistance line? 

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

Immediate support @ $0.215 level. 
If break the support, lower low is confirm. Downtrend will resume. 

Immediate resistance @ $0.24 level 
Subsequent resistance @ $0.26 level. 

Let's watch closely.

0 comments:

Post a Comment