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MFCB (3069) - technical analysis only with correct anticipation @ 20/08/2017

Writer's picture: HONG WEI GIETHONG WEI GIET

https://www.tradingview.com/x/Ute8Yqvu

Note

  1. MFCB continue the downtrend and try to challenge the upper trend line but it failed @ 18/08/2017

  2. It break lower trend @ 25/08/2017

  3. MACD and RSI haven show high selling force and oversold signal. Thus, it might drop further.

  4. Next significant support line will be RM 3.45.

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