Prospectus Pick: Technical Charts

C2O Hldg

Comments:

- 3EMA above 15EMA; indicating buy
- Price are currently consolidating
- Increasing OBV and RSI at neutral ground; suggesting home coming for the bulls
- With MACD bullish crossover in the making and momentum building up; further confirm the arrival of the bulls
--> All indicator suggesting a breakout testing resistance

F&N

Comments:

- 100EMA slanting upwards; indicating bullish trend
- 3EMA is riding above 15EMA; indicating buy
- Increasing OBV suggesting that the current trend will continue
- MACD above signal line with increasing momentum in daily & weekly chart further confirm that the current trend shall hold
--> Price should continue to rise along the channel

IndoAgri

Comments:

- 3EMA cross over 15EMA; buy signal generated
- MACD bullish crossover, together with increasing OBV; further confirm the buy signal
- RSI currently at 51%, 61% seems a strong resistance level
--> Price should rise along the channel testing resistance at 2.38

NOL

Comments:

- 50EMA slanting upwards; indicating bullish trend
- 3EMA riding above 15EMA; indicating buy
- With RSI slightly below 70%, MACD building momentum and increasing OBV; suggesting that there are strength in the up trend
--> Price should rise along the channel with slight retrace as Price reach the upper channel line

SembCorp

Comments:

- 50EMA slanting upward; indicating bullish trend
- 3EMA above 15EMA; indicating buy
- With MACD building momentum and increasing OBV; suggesting demand to keep the price up
--> Price should continue to rise along the channel line

Yangzijiang

Comments:

- With 3EMA cross above 15EMA and with MACD building momentum and bullish cross over in the making; a buy signal is generated
- With RSI resting at neutral ground and increasing OBV; suggest increasing demand to support the current trend
--> Price should rise to the upper channel line with Support @ 1.17 and Resistance @ 1.22