Tuesday, April 18, 2017

Technical Analysis Apr 2017: OWG (5260)



ONLY WORLD GROUP HOLDINGS BERHAD (5260) 

Observation from Chart:-

OWG retrace down from RM2.50 high to RM1.88 level (approx -25%.)

Will it rebound at this support level?

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

Immediate support @ RM1.88 level.
Subsequent support @ RM1.83 level.

Immediate resistance @ RM2.02 level.
Subsequent resistance @ RM2.15 level.

Let's watch closely.

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