Sunday, September 11, 2011

Technical Analysis Sept 2011: OSK (5053)



OSK HOLDINGS BERHAD

Observation from Chart:-

On 9 Sept 2011, OSK retest RM1.52 resistant level.

Will it break through this resistant? Or retrace down?

Other indicator:-
MACD is moving toward positive region.
Stochastic %K still on buy call position.

If able break through RM1.52, immediate resistant would be MA100 which is RM1.55 level.

However, it might be a short term pull back, retest MA50 or MA20 support level.

Subsequent, strong support at RM1.30 level.

Let watch closely.

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

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