Tuesday, May 16, 2023

Technical Analysis May 2023: OMESTI (BURSA: 9008)

 


OMESTI BERHAD

Observation from Chart:

OMESTI (9008) forming lower high & lower low.

 Will it breakout downtrend resistance level?

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

Immediate resistance @ downtrend resistance level.
Subsequent resistance @ RM0.345 level

Immediate support @ RM0.285 level.
Subsequent support @ downtrend support level.

Let's watch closely Disclaimer.