Sunday, December 2, 2012

Technical Analysis Dec 2012: OSK (5053)

OSK HOLDINGS BERHAD

Observation from Chart:-

OSK (5053) retest ascending triangle support level.
Everyyime retest this support, it will rebound.

How about this round, will it rebound?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K pending trigger BUY call.

If rebound, it might retest RM1.52 level.
If break down, might encounter high selling pressure.
Next support @ RM1.38 level.

Let's watch closely.

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