Saturday, June 28, 2014

Technical Analysis June 2014: OSK (5053)

OSK HOLDINGS BERHAD 

Observation from Chart:-

OSK (5053) succeed breakout RM.78 resistance.

How high will it go?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K still on BUY call itinerary.

Due to overbought, it's opportunity if retrace down to RM1.78 support level.
Subsequent support @ RM1.76 level.

Immediate resistance @ RM1.88 level.
Subsequent resistance @ RM1.98 level.

Let's watch closely.

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