Saturday, July 9, 2016

Technical Analysis July 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 @oversold stage, pending BUY call.

Immediate resistance @ RM0.335 level.
Subsequent resistance @ RM0.355 level.

Immediate support @ RM0.315 level.
Subsequent support @ RM0.30 level.

Let's watch closely.

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