Saturday, August 17, 2019

Technical Analysis Aug 2019: OSK (5053)



OSK HOLDINGS BERHAD 

Observation from Chart:-

OSK (5053) forming "M" pattern @ RM0.835 support level ?

Will it retest & rebound?

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

Immediate resistance @ RM0.96 level
Subsequent resistance @ RM1.00 level.

Immediate support @ RM0.835 level.
However, if break the support, lower low is confirm. Downtrend will resume.

Let's watch closely.

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