Rakuten Trade Research Reports

Technical View - OKA Corporation Bhd

Publish date: Wed, 27 Oct 2021, 09:19 AM
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OKA Corporation Bhd (OKA, 7140)

• Share price closed 1.7% higher at RM0.910 on Tuesday.

• OKA has broken out from its symmetrical triangle with high volume and see higher lows since 27 Sept.

• The share price is now trading above all key moving averages. Backed by upticks in its indicators, the share price is poised to move higher.

• Resistance levels are identified at RM0.930 (R1) and RM0.960 (R2).

• On the flipside, support levels are pegged at RM0.875 (S1) and RM0.835 (S2).

Source: Rakuten Research - 27 Oct 2021

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