Technical Analysis Jun 2017: WELLCAL (7231)

WELLCALL HOLDINGS BHD 

Observation from Chart:

WELLCAL forming higher high & higher low

Will it rebound at uptrend support level?

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

Immediate resistance @ RM2.36 level
Subsequent resistance @ RM2.54 level.

Immediate support @ RM2.15 level.
Subsequent support @ RM2.00 level.

Let's watch closely...

Technical Analysis Mar 2017: WELLCAL (7231)

WELLCALL HOLDINGS BHD 

Observation from Chart:

WELLCAL forming non stop higher high

Will it retrace down to retest support level?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K already reach overbought stage.

Most probably correction / consolidate will be in place soon.

Immediate support @ RM2.11 level.
Subsequent support @ RM2.05 level.

Let's watch closely...