Sunday, August 17, 2014

Technical Analysis Aug 2014: OSK (5053)

OSK HOLDINGS BERHAD 

Observation from Chart:-

OSK (5053) forming higher high.

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 RM2.30 support level.
Subsequent support @MA20 level.

Let's watch closely.

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