Tuesday, November 24, 2020

Technical Analysis Nov 2020: ESCERAM (BURSA: 0100)



ES CERAMICS TECHNOLOGY BHD 

Observation from chart: 

ESCERAM (Bursa: 0100) forming ascending triangle pattern. 

Will it rebound at strong support level? 

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

Immediate support @ ascending triangle line. 
Subsequent support @ RM0.36 level. 

Immediate resistance @ RM0.55 level. 
Subsequent resistance @ RM0.62 level. 

Let's watch closely Disclaimer

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