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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