Saturday, December 5, 2015

Technical Analysis Dec 2015: OCNCASH (0049)

OCEANCASH PACIFIC BHD (0049) 

Observation from Chart:-

OCNCASH is rebound from support level.

Will it breakout resistance & go higher?

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

Immediate resistance @ RM0.46 level.
If succeed breakout RM0.46 resistance level, higher high is confirm. Uptrend will resume.

Immediate support @ RM0.43.
Subsequent support @ RM0.40

Let's watch closely.

0 comments:

Post a Comment