OSK HOLDINGS BERHAD
Observation from Chart:-
OSK (5053) is forming bolinger band squeeze.
How about this round, will it succeed breakout RM2.26 level?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.
Immediate support @ MA20/ MA50 support level, around RM2.15 level.
Subsequent support @ RM2.10 level.
Immediate resistance @ RM2.26 level
Subsequent resistance @ RM2.30 level.
Do watch closely on the progress of
PROPOSED OSK PROPERTY ACQUISITION, PJ DEVELOPMENT ACQUISITION, OSK PROPERTY OFFER, PJ DEVELOPMENT OFFER, BONUS ISSUE OF WARRANTS, SPECIAL CASH DIVIDEND
once it finalize, high probably breakout the bolinger band squeeze.
Pls refer BursaMalaysia website for official announcement.
Let's watch closely.
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