Friday, January 10, 2020

Technical Analysis Jan 2020: OWG (5260)



ONLY WORLD GROUP HOLDINGS BERHAD (5260)

Observation from Chart:-

OWG forming "W" pattern?

Will it retest RM0.72 resistance level?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K trigger BUY call.

Immediate resistance @ RM0.72 level.
Subsequent resistance @ RM1.36 level.

Immediate support @ RM0.585 level.
Subsequent support @ RM0.55 level.

Let's watch closely.

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