Monday, July 14, 2014

Technical Analysis July 2014: OLDTOWN (5201)

OLDTOWN BERHAD 

Observation from Chart:-

OLDTOWN break MA20 support level.

How about MA50 support, is that strong for it rebound?

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

Immediate resistance @ RM2.20 level. 
Subsequent resistance @ RM2.28 level.

Immediate support @ RM2.17 support level.
Subsequent support @ RM2.15 level, which is MA50 support level.

At this moment, MA50 is crucial support.

Let's watch closely.

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