This counter had bull strong from Dec 2010 with the rumour of take over by Maybank but unfortunately this is not true but however OSK is doing pretty well as their are increasing.
Observation
1) Trendline - Downtrend - Bearish
2) HH - Formed lower high at 1.88 and retracing
3) MACD - Bearish but waiting for Bullish Crossover for Bullish Reversal
4) RSI - Broke the 50% ( Bullish)
5) ADX - Weak Momentum and Bearish
Conclusion
For this counter let wait for further confirmation before entry
Entry Price - 1.92
Stop Loss - 1.69
Take Profit - 2.04 (R1) and 2.19(R2)
Observation
1) Trendline - Downtrend - Bearish
2) HH - Formed lower high at 1.88 and retracing
3) MACD - Bearish but waiting for Bullish Crossover for Bullish Reversal
4) RSI - Broke the 50% ( Bullish)
5) ADX - Weak Momentum and Bearish
Conclusion
For this counter let wait for further confirmation before entry
Entry Price - 1.92
Stop Loss - 1.69
Take Profit - 2.04 (R1) and 2.19(R2)
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