RHB Investment Research Reports
Trading Stocks - OCK
rhbinvest
Publish date: Mon, 31 Jul 2023, 10:27 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
OCK is attempting to stage a bullish breakout by testing the immediate resistance with strong volume. The stock has been moving sideways on consolidation. If it manages to break past the MYR0.415 resistance, bullish bias will emerge. The momentum would propel the stock towards the next resistance pegged at MYR0.43, followed by MYR0.45. On the other hand, falling below the MYR0.39 support will negate the bullish expectation.
Source: RHB Securities Research - 31 Jul 2023
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
