Sunday, 1 April 2018
PUC (KLSE: 0007) Technical Analysis: 1 April 2018, Sunday, 1.38pm Singapore Time
PUC (KLSE: 0007) Technical Analysis:
1 April 2018, Sunday, 1.38pm Singapore Time
(Click on Technical Chart above to Expand)
Attached is the technicals for PUC (KLSE: 0007). It has successfully backtested the purple resistance-turned-support as a powerful support. It has also successfully backtested the yellow large trend support band as a powerful support. The volume flow is bullish with intentional buying. Selling has been meek while buying has been strong. This is all signs of a stock which wants to go up strongly. The band of moving averages are acting as supports and not resistances. With technicals all align, 35 cents resistance has a 95% probability of breaking up violently for a more than +50% profits. Bullish.