OKA Corporation is expected to renew its bullish momentum after it retraced yesterday from the recent breakout – above the immediate resistance-turned-support of MYR0.84 – while sustaining its “higher high” bullish pattern. The bullish momentum above that level may propel the stock towards the nearest resistance of MYR0.955 – before reaching the MYR1.00 psychological level. However, falling below the MYR0.80 support may trigger a downtrend.

Source: RHB Securities Research - 7 Oct 2021