iVSA Stock Review

Oldtown Berhad

Joe Cool
Publish date: Mon, 14 Sep 2015, 12:33 AM

 

Based on weekly iVSAChart, Oldtown is in downtrend, breaking below the key support level at 1.45. It is in stage 4 markdown phase. Looking at daily chart, Oldtown had been trading side way and finally broke below 50 SMA and 200 SMA after series of failed Test, a clear weakness in background.
 
The counter had been down for continuous 5 bars in weekly chart and weakness likely to continue, however we saw Spring bar finally appeared. We would like to look for more SoS in accumulation stage and breakout with high volume for good buy setup.
Discussions
1 person likes this. Showing 0 of 0 comments

Post a Comment