SAPRNG (5218) - Technical Analysis
- HONG WEI GIET
- Dec 24, 2018
- 1 min read
Technical Analysis
- SAPRNG gaped up with high volume with upper tail @ 13.09.2018/14.09.2018
- It indicated that there is selling pressure on 14.09.2018.
- Right after SAPRNG challenge the upper line of parallel downtrend, It continue price down and consolidated the downward pattern.
- There is a small gap down with KD below 20 which indicated oversold and MACD bearish momentum.
- Lowest price of SAPRNG @ RM0.275 with support of volume, buying momentum.
- Resistance R2 @ RM0.380
- Resistance R1 @ RM0.335
- Support, S1 @ RM0.300
- Support, S2 @ RM0.275