OLDTOWN BERHAD
Observation from Chart:-
3 Feb 2012, OLDTOWN formed bullish engulfing @ RM1.25 support.
Will it rebound?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.
Immediate resistance would be RM1.33 level.
If break down RM1.25, confirm that forming double top @ RM1.33
Observation from Chart:-
3 Feb 2012, OLDTOWN formed bullish engulfing @ RM1.25 support.
Will it rebound?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.
Immediate resistance would be RM1.33 level.
If break down RM1.25, confirm that forming double top @ RM1.33
Selling preasure might be increase, it might retest RM1.18 level or MA50 support.
Let watch closely.
Let watch closely.
0 comments:
Post a Comment