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Stock Analysis
Stock : ORIENTAL WATCH ( 00398 )
Suggestion : $3.3 ( Buy )
Target : $3.9
Resistance : $3.61
Support : $3.2
Reading from the trend of the share price, 10-day moving average is now at $3.47. 50-day moving average is at $3.71. It hovers below the 10-day moving average, which signals a typical correction. Meanwhile, RSI-14 is 36. It bounces from oversold area and signifies a technical rebound. In the Stochastic Oscillator, %K is likely to climb above %D as it is going to render a buying signal.
Analyzing the share price movement, the previous high ( 1/12/2011 ) is at $4.36 and the recent low ( 7/2/2012 ) is $3.14. Measuring from the recent low, Fibonacci 0.382 retracement is $3.6. 0.618 retracement is at $3.89. It hovers below the 0.382 retracement, and stays in a typical consolidation.
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| CHINA INDICES |
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| Index |
Last Value |
%Change |
| Shanghai A | 2,459.40 | 2.43% | | Shanghai B | 227.43 | 1.61% | | Shenzhen A | 935.18 | 2.77% | | Shenzhen B | 593.61 | 1.60% | |
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| ASIA INDICES |
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| Index |
Last Value |
%Change |
| Taiwan | 7,869.91 | 2.11% | | Singapore | 2,982.20 | 0.83% | | NIK225 Jap | 9,015.59 | 1.10% | | Australia | 4,363.67 | 0.43% | |
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| FOREX |
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| Index |
Last Value |
Unit |
| YEN | 76.8500 | YEN/USD | | EURO | 1.3271 | USD/EUR | | GBP | 1.5881 | USD/GBP | | AUD | 1.0826 | USD/AUD | | CAD | 0.9954 | CAD/USD | |
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| US & EUROPE INDICES |
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| Index |
Last Value |
%Change |
| DOW | 12,878.20 | 0.26% | | NASDAQ | 2,904.08 | 0.07% | | FTSE100 | 5,902.14 | 0.20% | | CAC | 3,426.08 | 0.43% | | DAX | 6,804.03 | 0.74% | |
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