Sunday, August 9, 2020

Technical Analysis Aug 2020: SBS Transit (S61)

 

SBS TRANSIT LTD 

Observation from chart:- 

SBS Transit (S61) forming ascending triangle pattern. 

Will it rebound from support level? 

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

Immediate resistance @ $2.97 level. 
Subsequent resistance @ $3.14 level. 

Immediate support @ $2.75 level. 
Subsequent support @ $2.63 level. 

Let's watch closely for opportunity.

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