Friday, October 9, 2020

Technical Analysis Oct 2020: RANHILL (Bursa: 5272)



Ranhill Holdings Berhad 

Observation from Chart: 

RANHILL (Bursa: 5272) descending triangle pattern. 

Will it breakout downtrend line resistance? 

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

Immediate support @ RM0.84 level. 
Subsequent support @ RM0.71 level. 

Immediate resistance @ downtrend line level. 
Subsequent resistance @ RM0.91 level. 

Let's watch closely Disclaimer

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