OCK Group printed a long white candle to test the RM0.545 resistance in its latest session. With a rising RSI level, there is a possibility it will break above the resistance level and move towards target prices of RM0.60 and RM0.635. If it fails to cross above RM0.545, expect a sideway consolidation movement. Support is anticipated at RM0.51, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.545

Target: RM0.60, RM0.635 (time frame: 3-6 weeks)

Exit: RM0.51

Source: AmInvest Research - 9 Aug 2019