Saturday, October 6, 2012

Technical Analysis Oct 2012: OLDTOWN (5201)

OLDTOWN BERHAD

Observation from Chart:-

OLDTOWN keep forming lower high & lower low.

How low will it go?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance would be MA20 level.
If able break through, it might retest MA50 resistance support.

Immediate support @ MA100 level which is RM1.82 support level.

Let's watch closely.

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