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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