Saturday, November 4, 2017

Technical Analysis Nov 2017: OCNCASH (0049)


OCEANCASH PACIFIC BHD (0049) 

Observation from Chart:-

OCNCASH is forming descending triangle pattern.

Will it breakout resistance & go higher?

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

Immediate resistance @ RM0.73 level.
Subsequent resistance @ RM0.78 level.

Immediate support @ RM0.685 level.
Subsequent support @ RM0.675 level.

Let's watch closely.

1 comment:

  1. OCNCASH; we do fundamental and technical analysis as we provide's a stock's advisory on a forming descending triangle pattern.

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