Monday, May 8, 2017

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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