Eye on stock: OCK Group
OCK Group Bhd 
(code: 0172) is on an extended rally after bouncing off the lower limit of its consolidation channel.
It moved above the 200-day simple moving average (SMA) to breach the 63-sen resistance, and in crossing, broke out of the consolidation phase.
The share price gapped up at yesterday’s opening bell as buying momentum picked up and rose to an intra-day high of 64 sen, which put it within reach of the next target of 68 sen. However, at yesterday’s closing, the stock shaved gains to end at 61 sen.
The simple moving averages are also showing an improving price trend, as the 200-day SMA is descending below the short-term moving averages and looks on course to meet the rising 50-day SMA.
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| OCK | 0.585 |
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