Monday, June 21, 2021

Technical Analysis June 2021: VICOM (SGX:WJP)



VICOM Limited 

Observation from chart:- 

VICOM (SGX:WJP) forming descending triangle pattern. 

Will it breakout resistance & go higher?

Other indicator:- (weekly chart)
MACD moving toward negative region, downtrend sign. 
Stochastic %K trigger SELL call. 

Immediate resistance @ triangle level 
Subsequent resistance @ $2.24 level.

Immediate support @ triangle level. 
Subsequent support @ $1.67 level. 

Let's watch closely Disclaimer

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