It was obvious that OCNCASH (0049) had broken above the downtrend line since 9/9/2016 with notable increased in traded volume and above the average traded volume during that single week period.
Besides, middle Bollinger Band, which is also the 10-weeks Moving Average line heading upward indicating some degree of strength in this counter in the weeks ahead.
Foresee OCNCASH will climb higher in near future with the nearest target price it could test is MYR0.435.
Besides, middle Bollinger Band, which is also the 10-weeks Moving Average line heading upward indicating some degree of strength in this counter in the weeks ahead.
Foresee OCNCASH will climb higher in near future with the nearest target price it could test is MYR0.435.
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