Rakuten Trade Research Reports
Technical View - OCK Group Bhd (OCK, 0172)
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Publish date: Thu, 18 Jul 2019, 09:47 AM
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Hotline: +603 2110 7110 (Account Opening, General enquiry)
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OCK Group Bhd (0172)
- OCK closed 2 sen or 3.4% lower to RM0.57 yesterday.
- Chart-wise, the uptrend remains intact as it is still trending above all key moving averages. As the key momentum indicator MACD still remains at bullish phase, we expect more leg for the share price rally
- As such, we expect next resistance at RM0.62 (R1) and further to RM0.65 (R2).
- Conversely, support levels are expected at RM0.43 (S1) and RM0.42 (S2).
Source: Rakuten Research - 18 Jul 2019
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