OLDTOWN (5201) made a breakout and closed above during the session ended
on 14/1/2016 of resistance level of MYR1.65 with Bollinger band opened
wider and higher than average traded volume.
OLDTOWN Daily Chart
The breakout of MYR1.65 level from the consolidation phase since
23/12/2015 indicating a strong bullishness should coming for OLDTOWN as
this consolidation period is in fact a period where collection of shares
for this counter took place.
Foresee the resistance of MYR1.70 could easily breach by OLDTOWN and
climb towards testing the subsequent resistance level of MYR1.78.
PCCS (6068) made a all-new-high by closing @ MYR 0.855 with significant
imcreased in traded volume and Bollinger band opened wider in the latest
session.
PCCS Daily Chart
As all-new-high is formed, the sky is the limit for PCCS.
OWG (5260) made a breached above the triangle pattern on 13/1/2016 with
higher than average trading volume although ex-date for bonus issue was
at the same day, the open price on that day is much higher than the
closing price the day before.
OWG Daily Chart
The breached over of triangle pattern pushes OWG's price to move higher
in the next day with almost the same traded volume as previous day
indicating a strong bull ahead.
Foresee OWG will continue to move higher to test the all-time-high level of MYR2.67 in the coming trading days.
COMFORT (2127) was traded well support since started from 6/1/2016 after
the correction from the highest point of MYR1.00 down to MYR0.865.
COMFORT Daily Chart
As COMFORT able to close above the resistance level of MYR0.910 in the
latest session, foresee it will testing the MYR0.945 level and if this
level also been breached, COMFORT will continue to test gain the
all-time-high level of MYR1.00 in the next trading days.
BPPLAS (5100) is trading in consolidation mode currently after making the all-time-high @ MYR1.98 on 11/1/2016.
BPPLAS (5100) is trading in consolidation mode currently after making the all-time-high @ MYR1.98 on 11/1/2016.
BPPLAS Daily Chart
Should the all-time-high level of MYR1.98 can be breached by BPPLAS in the coming trading days, the sky is the limit for BPPLAS.
Good luck and happy trading!
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http://fatta888.blogspot.my/2016/01/stocks-to-watch-on-1512016-oldtown-5201.html
