Friday, March 25, 2016

Technical Analysis Mar 2016: OCNCASH (0049)

OCEANCASH PACIFIC BHD (0049) 

Observation from Chart:-

OCNCASH is forming lower high & lower low.

How low will it go?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on SELL call itinerary.

Immediate resistance @ RM0.40 level.
Subsequent resistance @ RM0.42 level.

Immediate support @ RM0.39 which is MA200 level
Subsequent support @ RM0.36

Let's watch closely.

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