Thursday, February 24, 2011

Technical Analysis Feb 2011: OSK (5053)


OSK HOLDINGS BERHAD

Observation from Chart:-

On 23 Feb 2011, OSK break down MA100, closed at RM1.72
On 24 Feb 2011, it future retrace down 4.7%, closed at RM1.64
Currently, MACD at negative region, may define as downtrend sign.

Next support would be RM1.56 & RM1.50
There is a strong support at RM1.53 (MA200)

However, if rebound, it may retest RM1.69 & RM1.72 resistant level.
Let watch closely for reversal candlestick.


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

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