Saturday, February 7, 2015

Technical Analysis Feb 2015: OSK (5053)

OSK HOLDINGS BERHAD 

Observation from Chart:-

OSK (5053) formed 3 white soldiers.

How high will it go?

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

Due to overbought, it's opportunity if retrace down to RM2.03 support level.
Subsequent support @ RM2.00 level.

Immediate resistance @ RM2.17 level
Subsequent resistance @ RM2.30 level.

Let's watch closely.

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