OCK Group formed a long white candle, indicating that the momentum of buying could be strong. Yesterday’s candle can be viewed as the bulls extending the rebound from 3 Jan’s “Bullish Harami” pattern. A bullish bias may emerge above the MYR0.47 level, with an exit set below the MYR0.40 threshold. Towards the upside, the immediate resistance is at MYR0.53. This is followed by the MYR0.59 level.

Source: RHB Securities Research - 17 Jan 2019