Thursday, January 13, 2011

Technical Analysis Jan 2011: OSK (5053)



OSK HOLDINGS BERHAD

Observation from Chart:-

On 17 Dec 2010, OSK break RM2.23 as 2010 new high record & retrace down to RM1.98 level.
On 7 Jan 2011, OSK retest RM2.19 but unable break up & retrace down to RM1.98 level again.

On 13 Jan 2011, OSK formed a doji sign.

Current support level RM1.98 level.
If future retrace down, next support will be MA50 & RM1.70 level.

However, if rebound, it will retest RM2.19 resistant level.
Let watch closely.



Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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