Wednesday, September 2, 2020

Technical Analysis Sept 2020: KAREX (BURSA: 5247)

KAREX BERHAD (5247) 

Observation from Chart: 

KAREX (5247) forming ascending triangle pattern.

Will it retest strong resistance RM1.20 level again ?

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

Immediate resistance @ RM1.20 level. 
Subsequent resistance @ RM1.34 level. 

Immediate support @ RM0.82 level. 
Subsequent support @ RM0.65 level. 

Let's watch closely Disclaimer

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