FIRE Trading

OCR GROUP – Limited Downside Ahead

FIREFIRE
Publish date: Fri, 11 Mar 2022, 10:35 AM

OCR GROUP – Limited Downside Ahead

 

Our technical indicator had spotted a slow down in both selling pressure and volume for OCR, with close-to-EP levels such as RM0.105 and RM0.100. The MACD indicator also shows a potential trend reversal when a Golden Cross emits. We see RM0.125 as the key resistance of the company before moving to Resistance Level.

EP: RM0.100 / RM0.105

TP: RM0.125

Risk-to-Reward: 3x to 5x based on current level

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