Friday, September 4, 2020

Technical Analysis Sept 2020: PERMAJU (Bursa: 7080)


PERMAJU INDUSTRIES BERHAD (7080) 

Observation from Chart:- 

PERMAJU (Bursa: 7080) forming double bottom @ RM0.245 level. 

How high will it rebound?

Other indicator:- 
MACD moving toward positive region, uptrend sign. 
Stochastic %K on BUY call itinerary. 

Immediate support @ RM0.36 level. 
Subsequent support @ RM0.245 level. 

Immediate resistance @ RM0.585 level. 
Subsequent resistance @ RM0.70 level. 

Let's watch closely Disclaimer

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