SP Setia

Previous mention about the support and resistance

Current Close price on Jan 7 = 6.45
R1 = 6.49
R2  = 6.78
R3 =  7.09 ( New TP  6.95  RHB and TP 7.23 by OSK)

S1 =  6.28
S2 = 6.12


New Chart

 Observation
1) Uptrend - Still in uptrend
2) HH - Formed Higher high at 6.92 and retracing. Next support line will be 6.49
3) Macd- Showing retracement
4) RSI  - Overbought and going down to cool off a bit
5) ADX - High level 67.5 which have a lot of momentum to bring down or up with high volume


Conclusion
Buy on weakness until 6.6 and if break below 6.5 cut loss. High chances to retrace and rebound at 6.6