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SAPRNG (5218) - Technical Analysis

Writer's picture: HONG WEI GIETHONG WEI GIET

Technical Analysis

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- SAPRNG drop below to maintain RM0.275 with huge volume (Highest in 4 mths+) on 29.01.2019

- RSI fall below 20 and dull in 4 days.

- However, it tries to challenge 20EMA and short term downtrend line with huge volume on 08.02.2019. RSI also turned upward.

- Thus, it consolidated RM0.275 as a support line, S2.

- Resistance R2 @ RM0.380

- Resistance R1 @ RM0.335

- Support, S1 @ RM0.300

- Support, S2 @ RM0.275

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