Saturday, July 23, 2011

Technical Analysis July 2011: OSK (5053)



OSK HOLDINGS BERHAD

Observation from Chart:-

On 19 July 2011, OSK retest RM1.51 support level.

Seem like forming double bottom, but pending confirmation.

Current strong resistant RM1.60 (MA50), RM1.64 (MA100) & RM1.68 (MA200)

Other indicator:-
MACD at negative region but bullish crossover been formed.
Stochastic %K do trigger a buy call.

Let watch closely for rebound.


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

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