Technical Analysis June 2021: PHARMA (BURSA: 7081)

PHARMANIAGA BERHAD

Observation from Chart:

PHARMA (7081) retrace down from RM7.25 high level.

Will it retest FIBO 38.2% & rebound?

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

Immediate support @ FIBO 38.2% level.

Subsequent support @ MA20 level.

Immediate resistance @ FIBO 50% level
Subsequent resistance @ FIBO 61.8% level.

Let's watch closely Disclaimer.