Apr 11, 2017

Accumulate SEAL (Technical Analysis)

SEAL INCORPORATED BHD Stock Code: 4286

seal technical analysis

buy seal

Despite recent consolidation, SEAL has been able to hold on above its critical supports of 60-day & 200-day EMA lines as well as the “Ichimoku Cloud”. Banking on improving momentum,
we expect SEAL to form another up-leg in the near-term. Upper resistance is pegged at MYR0.54 and MYR0.635.

source: Maybank IB Research – 10/04/2017

SEAL INCORPORATED BERHAD
The principal activities of the Company are property investment and contractor of buildings and project manager for property development. The principal activities of the subsidiaries are the extraction of timber trading of log and sawmilling and letting of properties.