Saturday, October 1, 2016

Technical Analysis Oct 2016: OWG (5260)


ONLY WORLD GROUP HOLDINGS BERHAD (5260) 

Observation from Chart:-

OWG forming double bottom @ RM1.84 level.

Will it breakout RM2.26 resistance level & go higher?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K @ pending trigger buy call.

Immediate support @ RM2.16. level.
Subsequent support @ RM2.19 level.
Next support @ RM2.14 level

Immediate resistance @ RM2.26 level.
Subsequent resistance @ RM2.33 level.

Let's watch closely.

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