o.. i never thought those report will affect the price, and rise 8cents after struggle at rm2 for some weeks. hehe.. i more concern wat its planning, no news for so long..
Oldtown Bhd (OLDTOWN) - Not Rated Yesterday, OLDTOWN rose 3 sen (+1.46%) to end at RM2.08. Despite thin trading volume for now, we believe that the technical picture still looks interesting after it confirmed a “Descending Triangle” chart pattern. Traders should pay close attention to the chart pattern, as this could act as major bullish reversal pattern. Short-term technical outlook is bullish as the share price stays above all the 30-, 50- and 100- days SMA levels. We believe that the probability for OLDTOWN to stage a rebound is high, following a positive crossover signal issued by the MACDSignal line. Immediate resistance level is capped at RM2.20 (R1) and should this resistance be taken out, OLDTOWN could possibly extend its gains towards RM2.38 (R2) and RM2.65 (R3). Outlook Bullish Key Resistance level RM2.20 (R1) RM2.38 (R2) RM2.65 (R3) Key Support level RM2.00 (S1) RM1.95 (S2) RM1.82 (S3) Strategy Not Rated Current Price RM2.08
About the stock: Name : Oldtown Bhd Bursa Code : Oldtown CAT Code : 5201 Market Cap : 942.2 52 Week High/Low : 2.66/1.82 3-m Avg. Daily Vol. : 797,688.9 Free Float (%) : 43.6% Beta vs. KLCI : 1.4 Yesterday, OLDTOWN rose 3 sen (+1.46%) to end at RM2.08. Despite thin trading volume for now, we believe that the technical picture still looks interesting after it confirmed a “Descending Triangle” chart pattern. Traders should pay close attention to the chart pattern, as this could act as major bullish reversal pattern. Short-term technical outlook is bullish as the share price stays above all the 30-, 50- and 100- days SMA levels. We believe that the probability for OLDTOWN to stage a rebound is high, following a positive crossover signal issued by the MACD-Signal line. Immediate resistance level is capped at RM2.20 (R1) and should this resistance be taken out, OLDTOWN could possibly extend its gains towards RM2.38 (R2) and RM2.65 (R3).
For your info, this counter will benefit from world cup event. The people who intersted football game gathering this premise all night long.Buy now for good financial result more and more ahead.
really? oldtown in my area, they never on their tv most of the time, dun even know it works or not. and the tv is too small for crowded people to watch, i guess mamak will benefit the most during the time, with more seats, bigger space and projector screen. hehe. never expecting wat can it bring from worldcup to oldtown, even i not satisfied with their product and services, i will still hold it because of its bright future. =)
Mamaks invest on big screen. Chinaman coffeeshops want you to eat and quickly go off so that more ppl can sit. The only big screen are those watering holes. One I like is Setia Walk but not enough place to sit also
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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....
eftee
1,210 posts
Posted by eftee > 2014-04-29 10:59 | Report Abuse
So bonus no use. what for. Good for them when they want to get more money from you issue more warrants