AmInvest Research Reports
Stocks on Radar - Oceancash Pacific (0049)
AmInvest
Publish date: Tue, 30 Nov 2021, 09:26 AM
AmInvest
0 9,382
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Oceancash Pacific surged and touched the RM0.46 resistance level. With its bullish candle stick pattern, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.48, followed by RM0.49. The downside support is marked at RM0.44. Traders are advised to exit on a pbreach to avoid further losses.
Trading Call: Buy on breakout RM0.46
Target: RM0.48, RM0.49 (time frame: 2-4 weeks)
Exit: RM0.44
Source: AmInvest Research - 30 Nov 2021
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