RHB Retail Research
Trading Stocks - OCK Group
OCK Group jumped above the resistance level of MYR0.47, signalling the completion of its multi-week correction yesterday. As the trading volume surged, the stock is poised to test the next resistance level pegged at MYR0.51, followed by MYR0.58. A downside breach of the MYR0.45 support level would nullify this expectation and trigger a further share price correction.
Source: RHB Securities Research - 7 Dec 2020
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