OCR GROUP (KLSE: 7071) – LIMITED DOWNSIDE AHEAD

The share price of OCR seems to have taken a halt on the upside momentum, however the downside and selling pressure had faded as investors remain supportive in the RM0.140 – RM0.150 range. We see a small consolidation pattern on OCR and expects the share price to hinger around the current price level before challenging RM0.150, RM0.175 and RM0.195 respectively. Nevertheless, the share price is currently well supported.

EP: RM0.145

SP: RM0.125, RM0.140

TP: RM0.150, RM0.175, RM0.195