Possible for sideways breakout. OCNCASH is potentially staging a breakoutfrom its sideways channel, with anticipation of continuous improvement in bothmomentum and trend in the near term. Should immediate resistance level ofRM0.325 be broken with persistent buying interest, it may continue to lift pricehigher to subsequent resistance level of RM0.345.
However, failure to hold on to support level of RM0.300 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 7 Nov 2023
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Created by PublicInvest | Jul 02, 2024