OCK may rally after closing above the RM0.45 resistance level yesterday. A position can be initiated on another close above RM0.45, with a close below last week’s low of RM0.42 as a stop-loss. The price targets are RM0.50 and RM0.55. The month-long sideways trend may continue if it fails to stay above RM0.45. Further support is at RM0.40.
Source: OSK
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