OSK may have a bullish breakout

OSK has just broken above its strong horizontal resistance at RM1.50 (see the daily chart). This level is also the resistance of its intermediate downtrend line (see weekly chart). With this breakout, OSK could rise to test its next resistance at either RM1.65 or RM1.70.

Based on technical breakout, OSK could be a good trading BUY.


Chart 1: OSK's daily chart as at Apr 11, 2013_12.15pm (Source: Quickcharts)


Chart 2: OSK's weekly chart as at Apr 11, 2013_12.15pm (Source: Quickcharts)

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, OSK.