Technical Analysis May 2017: OLDTOWN (5201)
OLDTOWN BERHAD
Observation from Chart:-
OLDTOWN succeed breakout RM2.80 resistance level ?
How high will it go?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.
Immediate resistance @ RM3.00 which psychology level.
Immediate support @ RM2.80 level.
Subsequent support @ RM2.60 level.
Higher high is confirmed, so uptrend will be resume.
Let's watch closely.
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