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.
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