Saturday, November 14, 2020

Technical Analysis Nov 2020: Biolidics (SGX: 8YY)

Biolidics Limited 

Observation from chart:- 

Biolidics (8YY) forming descending triangle pattern. 

Will it breakout the resistance or support? 

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

Immediate resistance @ triangle line level.
Subsequent resistance @ $0.35 level. 

Immediate support @ $0.28 level. 
If break $0.28 support, lower low is confirm. May have another wave selling pressure.

Let's watch closely Disclaimer.


Post a Comment