PublicInvest Research
Technical Buy - OCR (7071)
PublicInvest
Publish date: Wed, 02 Mar 2022, 09:56 AM
PublicInvest
0 10,792
An official blog in I3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
- Target Price: RM0.135, RM0.150
- Last closing price: RM0.120
- Potential return: 12.5%, 25.0%
- Support: RM0.115
- Stop Loss: RM0.105
Possible for sideways breakout. Without creating new lower-low, major retracement seemingly made a halt and OCR’s share price is showing signs of potential recovery. Slightly bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.135 be broken, it may continue to lift price higher to the next resistance level of RM0.150.
However, failure to hold on to support level of RM0.115 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 2 Mar 2022
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on PublicInvest Research
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Apps
Top Articles
1
2
3
Good Articles to Share
4
5
6
Good Articles to Share
Slower US Fed pivot weakens rate-cut bets across emerging Asia
7
Good Articles to Share
8
Good Articles to Share
Bank of America CEO talks earnings, consumer spending, and inflation
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
