RHB Retail Research
Trading Stocks - OCK Group
OCK Group is moving towards the 52-week high, as it bounced off to breach the immediate resistance of MYR0.49 on surging volume, forming a “White Marubozu” candlestick. If the breakout is sustained, the bulls may drive the stock towards the nearest resistance level of MYR0.53, followed by MYR0.575 (its 52- week high). However, this expectation will be cancelled if it falls below the support of MYR0.465.
Source: RHB Securities Research - 23 Sept 2021
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