Tuesday, January 19, 2021

Technical Analysis Jan 2021: OVH (BURSA: 0220)



OCEAN VANTAGE HOLDINGS BERHAD 

Observation from Chart:- 

OVH (BURSA: 0220) forming descending triangle pattern. 

Will it breakout triangle resistance level & go higher? 

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

Immediate resistance @ triangle level. 
Subsequent resistance @ RM0.595 level. 

Immediate support @ RM0.41 level. 
If break, lower low is confirm. May trigger downtrend wave. 

Let's watch closely Disclaimer

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