OCK Group’s buying momentum may have returned after it rose above the 21-day SMA line. This upward momentum is likely to continue, since it has posted a second consecutive white candle. A bullish bias may appear above the MYR0.595 level, with an exit set below the MYR0.565 threshold. Towards the upside, the near-term resistance is at MYR0.64. This is followed by the MYR0.68 level.
Source: RHB Securities Research - 27 Mar 2019
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Created by rhboskres | Aug 26, 2024