Rakuten Trade Research Reports
Technical View - OCK Group Bhd (OCK, 0172)
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Publish date: Thu, 30 Jan 2020, 09:34 AM
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Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
OCK Group Bhd (0172)
• OCK rose 4.3% or 2.5 sen to close at RM0.605 yesterday.
• Share price closed with a long positive candle after a consolidation phase since Nov 2019. This could suggest buying interest is gaining momentum supported by higher trading volume. Should the buying interest remain, we expect share price to test RM0.665 level.
• Resistance levels are expected at RM0.665 (R1) and further to RM0.715 (R2).
• Conversely, downside support levels are expected at RM0.560 (S1) and RM0.530 (S2).
Source: Rakuten Research - 30 Jan 2020
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