OCR Group may soon test the RM0.265 mark. With a neutral RSI level above 50%, it may climb above the resistance price of RM0.265 towards the short-term target price of RM0.28, followed by RM0.30. In the event it fails to breach the resistance level, support price is anticipated at RM0.25, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.265
Target: RM0.28, RM0.30 (time frame: 3-6 weeks)
Exit: RM0.25
Source: AmInvest Research - 16 Aug 2019
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Created by AmInvest | Nov 25, 2024