OCK Group Bhd (OCK, 0172)

• OCK is eyeing to stage a bullish breakout to cross above the immediate resistance of RM0.435. Withthe stock posted 7 consecutive white candles coupled with the positive crossing of its 20-day EMA above the 50-day EMA, this bullish crossover has enhanced the near-term positive momentum.

• In the event it breaks above the RM0.435 threshold, this will improve market sentiment and shouldlift the stock towards the subsequent level of RM0.46 (R1), followed by RM0.49 (R2).

• On the downside, stop-loss is set at RM0.38, below the 21 Nov’s low.

Source: Rakuten Research - 13 Dec 2023

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