NOVAMSC (0026) : Technical Analysis Nov 2014: NOVAMSC (0026)
Observation from Chart:-
NOVAMSC (0026) is retest RM0.185 resistance level.
Will it breakout & form higher high?
Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K on BUY call itinerary.
If retrace down, immediate support @ RM0.145 level.
Subsequent support @ RM0.115 level.
If succeed breakout the resistance, higher high is confirm. Then most likely another wave of uptrend.
Do watch out upcoming quarter result, which will announce next few days.
Let's watch closely
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