Only World Group Holdings Bhd

• Share price closed 1.75% higher at RM0.58 on Monday.

• OWG was hovering at its support of RM0.545 and broke out from its resistance level of RM0.57 yesterday with high buying volume. MACD has crossover and indicators show uptick momentum hence share price is expected to propel higher.

• Resistance level is identified at RM0.595 (R1) and RM0.635 (R2).

• On the flipside, support levels are pegged at RM0.545 (S1) and RM0.525 (S2).

Source: Rakuten Research - 20 Jun 2023

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