Friday, October 27, 2017

Technical Analysis Oct 2017: OCR (7071)


O & C RESOURCES BERHAD 

Observation from Chart:-

OCR (7071) forming descending triangle pattern. 

Will it breakout resistance level & go higher?

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

Immediate support @ RM0.55 level.
Subsequent support @ RM0.52 level.

Immediate resistance @ RM0.57 level
Subsequent resistance @ RM0.59 level.

Let's watch closely.

1 comment:

  1. Listed Market Capitalization : http://www.mmfsolutions.sg/services/

    Market Cap: 161 Million
    NOSH: 292 Million
    Avg Volume (4 weeks): 355,936
    4 Weeks Range: 0.54 - 0.58
    4 Weeks Price Volatility (%):
    25.00%
    52 Weeks Range: 0.36 - 0.69
    52 Weeks Price Volatility (%):
    57.58%
    Average Price Target: 0.61
    Price Target Upside/Downside: +0.06

    ReplyDelete