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.

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