Monday, October 19, 2020

Technical Analysis Oct 2020: Eindec (SGX: 42Z)

Eindec Corporation Ltd 

Observation from chart:- 

Eindec (SGX: 42Z) forming "U" pattern? 

Will it retest $0.17 resistance level? 

Other indicator:- 
MACD trade @ positive region, uptrend sign. 
Stochastic %K on BUY call. 

Immediate resistance @ $0.17 level. 
If breakout $0.17, higher high is confirm. May have another wave of uptrend. 

Immediate support @ $0.105 level. 
Subsequent support @ $0.076 level. 

Let's watch closely Disclaimer


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