Journey to Wealth
Daily Trading Stocks: Oldtown Bhd
Oldtown's uptrend should continue if it makes an all-time high's close above RM1.75. A position can be initiated if it happens and a close below the recent low of RM1.65 can be taken as a stop-loss. The price target is RM2.10, with resistance also expected at RM2.00. The stock may correct should it close below RM1.65. Supports are at RM1.57 and RM1.50.
Source: OSK
Source: OSK
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Discussions
Be the first to like this. Showing 4 of 4 comments
Hi Roger,
HOw do you know that it will go to RM2? Should I buy hugely into it? I keep checking her ... and it is flying higher, so I do not chase.
Thanks
TEH
2012-07-13 17:29
I have been accumulating this OLDTOWN shares since last year and it has been adding value to it's shares every quarter. I am long on this share and it pays good dividend too... Not too bad an investment.
2012-07-13 17:59
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Roger Hew
Looks like OLDTOWN Shares will be breaking the RM 2.00 mark soon... Good Stuff!
2012-07-13 17:25