OCNCASH - what STOCH is telling us?

MYX:OCNCASH is a supplier of non-woven fabric, material needed in face mask production. Read here.

Few days ago, US Fed declare second wave infection in the country.

19 June, WHO alert on the acceleration of Covid19 cases. Read here.

Will people go out without face mask in this time? I will not do that.

So what STOCH indicator is showing on OCNCASH daily chart?

6/12/2019, when slow stock cross up the fast, it end up gain 75% about 1 month later.

19/2/2020, after cross up, it end up gain 26% about 3 weeks later.

20/3/2020, cross up happened again few days after Malaysia lockdown, end up gain 193% 3 months later.

19/6/2020, slow STOCH cross up again, where will it heading to? With the news of second wave Covid19 and the opening of more face masks factories, surely there is something good with MYX:OCNCASH this time. I agree that STOCH oversold state can last for few days or weeks, but this might be the beginning of a major trend reversal.


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