OCK Group may climb higher, says RHB Retail Research

TheEdge Fri, Oct 07, 2022 07:38am - 1 year View Original


KUALA LUMPUR (Oct 7): RHB Retail Research said OCK Group Bhd may climb higher as it bounced-off and re-tested the 44 sen resistance on high volume – inching above the 21-day average line.

In a trading stocks note today, the research house said if the stock crosses the resistance point, renewed buying interest may emerge to drive the stock towards 47 sen, or Dec 9’s high, before trending northwards further towards the 50 sen mark.

“If it falls below the 42 sen support, the stock may undergo a reversal, as it forms a “lower low” bearish pattern below the average line,” it said.

 

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