COMINTEL CORPORATION BHD
Observation from Chart:-
COMCORP (7195) used one day wipe out 28.9% share price.
Will it be technical rebound? Or going side way?
MACD trade at positive region, uptrend sign.(Unfortunately, it's have formed death cross)
Stochastic %K on SELL call itinerary.
Immediate resistance @ RM0.75 level.
Subsequent resistance @ RM0.80 level.
Immediate support @ RM0.65 level.
Subsequent support @ RM0.62 level.
Let's recall some similar pattern stock,
K1 (0111), 28 May 2015, one day wipe out 28%
Next trading day, wipe out another 32.2 %
DSONIC (5216), 4 Apr 2014, one day wipe out 22.6%
Small rebound for next few days then ...
MPAY (0156), 29 Apr 2014, one day wipe out 15.3% (but intraday it do have big deep down & pull back)
Next few trading days do continue wipe out then just small technical rebound
Let's watch closely COMCORP.
COMCORP (7195) - Technical Analysis June 2016: COMCORP (7195)