Technical Analysis Oct 2014: ZHULIAN (5131)

ZHULIAN CORPORATION BERHAD 

Observation from Chart:

ZHULIAN is forming descending triangle pattern.

Will it rebound from strong support, RM2.33 level?

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

Immediate support @ RM2.33 level.
Subsequent support @ RM2.00 psychology level.

Immediate resistance @ descending triangle level.
Subsequent resistance @ RM2.49 level.

Let's watch closely technical rebound.

Technical Analysis Jan 2014: ZHULIAN (5131)

ZHULIAN CORPORATION BERHAD
Observation from Chart:

ZHULIAN been retrace down from RM5.14 level to RM3.35 level.

Will it rebound or go to next strong support?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K still on SELL call position.
Immediate support @ RM3.00 psychology level.
Subsequent support @ RM2.95 level.

Immediate resistance @ MA200 level.
Subsequent resistance @ RM4.05 level.

Let's watch closely technical rebound.