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What indicators that you mainly use in Technical Analysis (TA)?
Moving Average (SMA/EMA)
RSI
Stochastic
MACD
Ichimoku Kinko Hyo
Volume
Momentum
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Wednesday, 2 May 2012

OLDTOWN - Looking more higher

OLDTOWN (5201)



Oldtown seems to looking for more higher price.
Judging by today trade, increased 7cent, some indicators started to point up.

  1. MFI - after dropped below 80%, now turning to 80% again. Same goes to RSI.
  2. A change in direction of Stoch & Wm%R, just showing the buyer coming in again with a good volume today.
  3. From Ichimoku, conversion line cross base line above cloud, and this could bring the share for long run.
  4. ADX also showing uptrend and trending.
  5. Tomorrow probably parabolic will change it direction.
The TP for now is to break previous high, which is RM1.59, and then we are looking for RM1.63 and RM1.66 before reaching to RM1.71

1 comment:

  1. Berid KLSEPSPFri Jun 15, 10:04:00 pm GMT+8

    OLDTOWN today closed at RM1.66. Finally reached my target after 1month.. With lowest at RM1.3, upside now is +0.36.. Congrats.. will see next high...

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