VITROX (0097) - follow up on technical analysis only.

Technical Analysis

  1. Candlestick with long tail called Bearish Pin which indicated that market tried to push to shares price higher but selling pressure stronger than buying force.

  2. MACD/RSI shown overbought level

  3. Volume of shares is 2.355m which is the highest in the 2017 (JAN-27 July 17). It might indicated that speculator more than investor in the said counter.

  4. With the chart indicator above, high chances for VITROX to have further price consolidation.

  5. Strategy/suggestion - Buy in 4.29 / Cut 4.15


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