Oceancash Pacific may soon test the RM0.485 level. Since higher trading volume has been recorded in the latest session, we foresee that there could be a technical breakout and it could ride on the momentum towards the short-term target prices of RM0.545 and RM0.57. In this case, the downside support is anticipated at RM0.43, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.485

Target: RM0.545, RM0.57 (time frame: 3-6 weeks)

Exit: RM0.43

Source: AmInvest Research - 4 Mar 2020