SAPRNG (5218) - Technical Analysis

Technical Analysis

- SAPRNG gaped up with high volume with upper tail @ 13.09.2018/14.09.2018

- It indicated that there is selling pressure on 14.09.2018.

- Right after SAPRNG challenge the upper line of parallel downtrend, It continue price down and consolidated the downward pattern.

- There is a small gap down with KD below 20 which indicated oversold and MACD bearish momentum.

- Lowest price of SAPRNG @ RM0.275 with support of volume, buying momentum.

- Resistance R2 @ RM0.380

- Resistance R1 @ RM0.335

- Support, S1 @ RM0.300

- Support, S2 @ RM0.275


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