OCK Group has been on an uptrend with stronger volume during recent sessions. With an RSI level above 65%, it may cross the resistance level of RM0.59 and move towards short-term target prices of RM0.65 and RM0.71. Meanwhile, it may continue moving sideways if it fails to cross the RM0.59 in the near term. The downside support is anticipated at RM0.53, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.59

Target: RM0.65, RM0.71 (time frame: 3-6 weeks)

Exit: RM0.53

Source: AmInvest Research - 20 Aug 2019