OLDTOWN (5201)

OLDTOWN (5201)

OLDTOWN BERHAD announces of RM0.04 as Final dividend and the entitlement date is at 18 July 2012. After hit a record high on 18 June 2012 at RM1.77, an adjustment has been made. If OLDTOWN can break their current resistant level of RM1.80, it will try to hit another high level at RM2.25.

Today 27 June 2012, highest RM1.71 and lowest RM1.67 and the closing price are RM1.67. And they are struggle at RM1.71. RM1.71 is OLDTOWN physical support and resistant level in these past few days. If they can turn the RM1.71 to their support level, it will be a bullish, however, if they fail to hold RM1.71 and it becomes their resistance level.  Average supporting level has been setup at RM1.44. The resistant level will be RM1.98

The moving trend in this few days will be RM1.53 to RM1.80, and

S1 is RM1.62, S2 is RM1.58, S3 is RM1.53

R1 is RM1.80, R2 is RM1.85, R3 is RM1.89

This is a Food and Beverage company and recently has penetrated China market. We will see whether Chinese will like to try coffee instead of Chinese tea. Let we wait for their next half year finance result.


Useful Data:

Close 27 June RM1.67 (RM1.67~RM1.71)

S= Support Level
R= Resistant Level

2012 Year Highest 18 June 2012 RM1.77

2012 Year Lowest 14,15 &16 Feb 2012 RM1.2

4 Oct 2011 Lowest RM0.885