Tuesday 18 October 2016

Stocks To Watch on 19/10/2016 - YOCB(5159) & OWG(5260)

YOCB Daily Chart

Refer to the blog written on 13/10/2016; http://fatta888.blogspot.my/2016/10/stocks-to-watch-on-13102016-yocb-5159.html, YOCB (5159) resumes its uptrend with one long white candlestick and higher than average traded volume in the latest session indicating a very strong bullishness ahead after tested and retraced from the 50% Fibonacci Retracement level on 13/10/2016 and closed above this level after the market closed.

The recent high of MYR1.37 should be the next target for YOCB to test in the coming trading days. 


OWG Daily Chart

OWG (5260) ended with one long white candlestick with significant increased in traded volume in the latest session signaling the bull started its journey to the north.

Foresee the bullishness will continue in the coming trading days with nearest level to test is MYR2.46.


Good luck and happy trading!


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.     

No comments:

Post a Comment