Wednesday, August 17, 2011

Technical Analysis Aug 2011: OSK (5053)



OSK HOLDINGS BERHAD

Observation from Chart:-

On 17 August 2011, OSK retest RM1.50 resistant level, forming bearish engulfing.

High probably will retrace down to support.

Current strong support would be RM1.35

Other indicator:-
MACD at negative region but bullish crossover been formed.
Stochastic %K still on buy call position.

Let watch closely.


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

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