Had OCR (KLSE: 7071) bottomed in share price?

For chartist, a “full number” (I.e., RM0.100, RM1.000, RM5.000, etc.) is usually a psychological support/resistance to note for, especially for serious traders.

Our stock pick in place – OCR, is having a very interesting price movement now, where it is hovering around the key RM0.100 level.

From the chart above, one can tell that OCR is not particularly in a up-trend mood. But at the very least, the prices are stabilizing around the RM0.100 region, which is a critical price point, especially for traders.

Should OCR stay buoyant and maintain above RM0.100, we should see a more positive upward momentum coming for them. The money inflow index also sees strong interest at the RM0.090 level for now.

For now, let’s keep observing and see how it goes by next week.

Fingers crossed!