Technical Analysis Nov 2016: OLDTOWN (5201)

OLDTOWN BERHAD 

Observation from Chart:-

OLDTOWN gap down with huge volume.

Will it retest RM1.695 support level ?

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

Immediate resistance @ RM1.95 level.
Subsequent resistance @ RM2.02 level.

Immediate support @ RM1.695 support level.
Subsequent support @ RM1.61 level.

Let's watch closely.

Technical Analysis Nov 2016: OPENSYS (0040)

OPENSYS (M) BHD 

Observation from Chart:-

OPENSYS (0040) retrace down from RM0.415 high

Will it rebound @ RM0.33 support level?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K on SELL call itinerary.

Immediate resistance @ RM0.37 level.
Subsequent resistance @ RM0.415 level.

Immediate support @ RM0.33 level.
Subsequent support @ RM0.305 level.

Let's watch closely.

Technical Analysis Nov 2016: MYEG (0138)

MY E.G. SERVICES BHD (0138) 

Observation From Chart:-

MYEG forming higher high & higher low.

Will it rebound @ support level ?

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

Immediate support @ RM2.26 level.
Subsequent support @ RM2.22 level.

Immediate resistance @ RM2.40 level.
Subsequent resistance @ RM2.51 level.

Positive news on MYEG:-
29 August 2016 , MYEG proposed one (1) Bonus Share for every two (2) existing MYEG Shares held on an entitlement date to be determined later ("Proposed Bonus Issue"). For more info, pls refer http://www.bursamalaysia.com/
Based on pass history, bonus issue held on Oct / Dec.
Today already November so perhaps Bonus issue will be fall on coming December.

Let's watch closely.