Observation from Chart:-
MAGNUM formed double bottom @ RM2.19 level & retest MA200 resistance level (+11%).
Will it breakout & go higher?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on SELL call itinerary.
Due to overbought, most likely it will retrace down or consolidate sideway.
Immediate support @ MA100 which is around RM2.37 level.
Subsequent support @ RM2.33 level.
Immediate resistance @ MA200 level
Subsequent resistance @ RM2.50 level.
Let's watch closely...
MAGNUM (3859) - Technical Analysis July 2016: MAGNUM (3859)
http://www.stocktalk2u.com/2016/07/technical-analysis-july-2016-magnum-3859.html
