OCR GROUP (KLSE: 7071) – A Pleasant Surprise

Dated 13 April 2022, OCR had an announcement with regards to their approval for extension of time for their private placement exercise. This signs a positive note as the company had an extended time to raise funds moving forward. On the technical side, we see an attempt to break the down trend tunnel and hitting the highest point of resistance of RM0.130. Traders are advised to take note on OCR whenever they reach the key support level of RM0.105, RM0.100 as a safer entry point.

Entry Price: RM0.105

Cut Loss: RM0.095

Support Level: RM0.100, RM0.105

Resistance Level: RM0.130