OWG (5260) closed above the resistance level of MYR2.33 which is also the neckline level of the M-shape formed since 15/12/2015 with Bollinger Band opened wider and improved in traded volume.
OWG Daily Chart
Since the sideway range seems to be ended with a relatively long green candlestick, foresee thebullish momentum bias could leads OWG to climb further ahead should the traded volume is significantly increased in the coming trading days.
YINSON (7293) was well supported by the 10-days Moving Average line (middle Bollinger Band) in the recent sessions and closed above the nearest resistance level of MYR2.80 with higher than average traded volume during the session ended on 18/2/2016.
YINSON Daily Chart
With the breakout of the MYR2.80 level may signalling the ended of the short term consolidation mode and bringing YINSON into another further new phase of bull run with the immediate target towards MYR2.93.
As the neckline level of the Head & Shoulder formation was not able to breach below the MYR0.41 level signaling OCNCASH (0049) is still strong in terms of price stability for the time being.
A further move to test the nearest resistance level of MYR0.445 with noticeable improved in trading volume and Bollinger Band opened wider in the coming trading days, a breach of this level may see a potential further buying with subsequent resistance at MYR0.500.
Good luck and happy trading!
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