Thursday, June 10, 2021

Technical Analysis June 2021: WIDAD (BURSA: 0162)



WIDAD GROUP BERHAD 

Observation From Chart:- 

WIDAD forming descending triangle pattern

Will it breakout the resistance & go higher?

Other indicator:- 
MACD trade @ negative region, downtrend sign. 
Stochastic %K on BUY call. 

Immediate resistance @ descending triangle line. 
Subsequent resistance @ RM0.485 level. 

Immediate support @ triangle support level. 
If break, lower low will be formed. May have another wave of downtrend.

Let's watch closely Disclaimer 

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