OCK Group printed a white candle to test the RM0.61 resistance level amid rising volume. With a healthy RSI level, a bullish bias may be present above this point with a target price of RM0.64, followed by RM0.68. Meanwhile, it may continue moving sideways if it fails to breach the RM0.61 mark in the near term. In this case, support is anticipated at RM 0.56 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.61

Target: RM0.64, RM0.68 (time frame: 3-6 weeks)

Exit: RM0.56

Source: AmInvest Research - 27 Mar 2019