EG (8907) - Technical Analysis Feb 2017: EG (8907)
EG INDUSTRIES BERHAD
Observation from Chart:-
EG (8907) succeed breakout bolinger band squeeze
How high will it go?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on buy call itinerary.
Immediate resistance @ RM1.26 level.
Subsequent resistance @ RM1.36 level.
Immediate support @ RM0.91 level.
Subsequent support @ RM0.815 level.
Last round, EG breakout bolinger band squeeze, from RM0.615 to RM1.26 high (Total 106.6% in 3month duration)
If this round, EG also hit 100%, the share price will go to RM1.82 level
If this round EG hit 50%, the share price will go to RM1.36 level.
This projection is purely based on Technical Analysis, pls refer our DISCLAIMER.
Let's watch closely.
EG (8907) - Technical Analysis Feb 2017: EG (8907)
http://www.stocktalk2u.com/2017/02/technical-analysis-feb-2017-eg-8907.html
